Markets set to positive start

Indian Indices:

SGX Nifty directs a firm opening on the Indian bourses. SGX Nifty is trading 7.00 points higher.

After witnessing a continued buying momentum, the markets are likely to witness some profit booking at higher levels during the later trade hours as the market seems overbought.

On Monday (June 09, 2014) Sensex closed at 25580.21, up by 183.75 points, while the Nifty rose 71.20 points to close at 7654.60.

Global Market

Asia stocks edged up to a three-year high on Tuesday after a record-breaking Wall Street bull run continued on the back of economic optimism, while rising yields supported the dollar.

The U.S. stock market ended Monday’s choppy trading session slightly higher, as both the S&P 500 and Dow Jones Industrial Average closed at record levels.

Spain, Italy and Portugal outperformed other European stock markets on Monday, as investors stepped up bets that they would benefit most from the European Central Bank’s latest economic stimulus measures.

Major Headlines of the day

Piramal Enterprises picks up 9.99% stake in SCUF.

‘Maruti’s Gujarat plant deal adds to operational complexity’.

RCom does away with STD, roaming charges.

SGX Nifty

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