Choppy moves seen on muted global cues


Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 24.50 points lower.

Headlines for the day:

  • FTIL looking to exit Indian Energy Exchange
  • Kwality Ltd posts 21% jump in Q1 profit
  • Network18 Q1 net loss of Rs1,021 crore
  • Esssar oil posts profit of Rs684 cr in Q1
  • Radico Khaitan Q1 net profit dips 26% to Rs16 cr

Indian Indices:

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 24.50 points lower.

India’s benchmark BSE index posted its biggest daily gain since June 6, gaining for a second co nsecutive session after Tata Motors raised confidence about corporate earnings by saying it had tripled its net profit in the April-June quarter.

On Tuesday (August 12, 2014), the S&P BSE Se nsex closed at 25880.77, up by 361.53 points, while the Nifty rose 101.10 points to close at 7727.05

Global Indices:

Asian shares struggled on Wednesday after Wall Street snapped a two-day rally with the crisis in Ukraine sapping investor confidence as it threatens a fragile economic recovery in Europe.

U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August.

German shares led declines in European stocks on Tuesday as weak sentiment data and a gloomy outlook from consumer goods group Henkel provided more evidence the region’s largest economy is being hurt by the conflict in Ukraine.

SGX Nifty

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