Bulls may open the doors for Indian markets today

The Indian stock markets are expected to open in the green zone on back of favourable global scenario. SGX Nifty is trading 24.00 points higher.

Events for the day:

Eight Infrastructure Industries data

Headlines for the day:

  • Petronas to sell 25% stake in Canadian Progress to Indian company
  • Ranbaxy suspends drug ingredients shipment from two plants
  • Tata Power board to discuss fund raising options this week
  • SKS Microfinance securitises Rs158 crore
  • Tech Mahindra launches NFC test lab in Bangalore

Indian Indices:

The Indian stock markets are expected to open in the green zone on back of favourable global scenario. SGX Nifty is trading 24.00 points higher.

Yesterday, the Indian shares rose for a second straight session on Monday to their highest closing in a month as blue chips including banks gained on continued optimism about foreign investor buying despite rising global uncertainties. The BSE Sensex rose 0.53% and NSE Nifty was up by 0.50%.

On Monday (February 24, 2014), the S&P BSE Sensex closed at 20811.44, up by 110.69 points, while the Nifty rose 30.65 points to close at 6186.10

Global Indices:

Asian share markets regained some altitude on Tuesday courtesy of a tailwind from Wall Street which sped to historic highs amid more mergers buzz, while gold extended its recent rally.

U.S. stocks rose on Monday and the S&P 500 hit a record intraday high, helped by gains in health insurers’ shares and optimism about merger activity.

Demand for Spanish equities helped European shares to six-year highs on Monday, but weaker-than-expected results from HSBC and a disappointing outlook from Volkswagen capped the gains.

SGX Nifty

sgxnifty.org@imediaone.com

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