Indian markets are likely to open flat

Indian Indices:

After remaining closed for two consecutive trading sessions, Indian markets are expected to open on a flat note on Monday as some of the key markets continued to stay in festive mode. SGX Nifty is trading 16.50 points down.

While the US celebrated Good Friday, most of the Asian markets remained idle on Monday on account of the Ching Ming Festival.

Markets were closed on 2 April and 3 April on account of Mahavir Jayanti and Good Friday, respectively.

Indian shares rose on Wednesday, on track to snap a three-week losing streak, led by gains in pharmaceutical stocks such as Sun Pharmaceutical Industries and Ranbaxy Laboratories ahead of the latter’s amalgamation with the former. The S&P BSE Se nsex and CNX Nifty ended 1.08%-1.12% higher each.

On (Wednesday 01, 2015)  Sensex gained 303 points to end at 28,260 and the 50-share Nifty soared 95 points to close at 8,586.

Global Markets:

Asian shares rose and the dollar dropped on Monday, after a dismal US jobs report pushed down US. Treasury yields as investors pared bets the US Federal Reserve would hike interest rates anytime soon.

US stock exchanges, including the New York Stock Exchange and Nasdaq, were closed on Friday (April 03, 2015). US trade will reopen on April 6, 2015.

Europe were also closed and will remain shut on Monday (April 06, 2015).

Major Headlines of the day:

Dena Bank plans lower price to sell around Rs500 cr NPAs

NTPC to be 90,000 MW company in 10 years: CMD

Ceat forays into cricket gear biz

SGX Nifty

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