The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 8.00 points higher.
Events for the day:
- HSBC India Composite PMI
- HSBC India Services PMI
Headlines for the day:
- Zee Media prays High Court to vacate interim stay
- MCX asks FTIL to transfer stake to escrow
- Kolte Patil partners ASK Real Estate to buy land parcel in Pune
- NMDC clocks record sales, production in FY14
Indian Indices:
The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 8.00 points higher.
On Wednesday (April 02, 2014), the S&P BSE Sensex closed at 22551.49, up by 105.05 points, while the Nifty rose 31.50 points to close at 6752.55
Indian shares rose to record high for an eighth consecutive session after NBFC’s surged after the Election commission (EC) allowed the central bank to announce new bank licences ahead of the general elections. The BSE Sensex and NSE Nifty rose 0.47% each.
Global Indices:
Asian shares hovered near four-month highs on Thursday as upbeat U.S. data underpinned risk appetite, while news China is taking steps to stimulate its economy spurred Tokyo’s Nikkei to a three-weak peak.
The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback
Gains in Nestle and Deutsche Post propped up European shares on Wednesday, extending the benchmark index’s winning streak into a seventh straight day.