Mkts may open higher on Asian cues; F&O expiry eyed

Indian Indices:

The key domestic benchmarks are likely to open higher today tracking a positive trend in most Asian markets. SGX Nifty is trading 14.50 points higher.

Market may witness heightened volatility today as investors and traders roll over their positions ahead of the futures and options ( F&O) September expiry today.

The Supreme Court’s decision to cancel almost all coal blocks allocated since 1993 may also weigh on sentiment, curbing gains.

The BSE Sensex and Nifty fell for a second straight day as resources firms such as Jindal Steel and Power Ltd, and public sector lenders that lent to them, slumped after the Supreme Court cancelled most coal blocks allocated since 1993.

On Wednesday (September 24, 2014) Sensex fell 31 points to 26744.69 while the Nifty slipped 15.15 points at 8002.40.

Global Market:

Asian stocks rose early on Thursday, cheered by a sizeable overnight rebound on Wall Street, while the dollar resumed its advance after upbeat economic data undercut safe-haven bids and pushed yields higher.

The Milan stock exchange outperformed a broad rally on European equity markets on Wednesday after data showed that Italian consumer confidence had risen for the first time in four months.

U.S. stocks jumped in a broad advance on Wednesday, with the S&P 500 snapping a three-day losing streak and climbing back above a key technical level in a move that pointed to improving near-term momentum.

Major Headlines of the day.

Jaiprakash says hydropower deal with Reliance Power collapses.

Unitech, UCP get BoA approval for stake sale in 5 SEZs.

Titan to shortly re-start gold deposit scheme.

SGX Nifty

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