Flat start on the cards ahead of F&O expiry

The Indian stock markets are expected to open on a flat note led by subdued global scenario. SGX Nifty is trading 3.00 points lower.

Events for the day:

February F&O Expiry

Headlines for the day:

  • Tata Power’s Mundra project to get 47 paise more per unit
  • Oil India board approves Indian Oil stake purchase
  • Wipro bags 10-yr integrated IT BPO contract from UK-bsed Carillion

Indian Indices:

The Indian stock markets are expected to open on a flat note led by subdued global scenario. SGX Nifty is trading 3.00 points lower.

Markets are likely to see a volatile day ahead as investors will remain cautious on account of February month derivative expiry today. The expiry is scheduled today as the markets will be closed on Thursday due to Mahashivratri.

Yesterday, the Indian shares gained for a third straight session on Tuesday to their highest closing in a month as software stocks including Infosys rose on continued optimism about U.S. business outlook while foreign investor buying also helped sentiment. The BSE Sensex rose 0.20% and NSE Nifty was up by 0.23%.

On Tuesday (February 25, 2014), the S&P BSE Sensex closed at 20852.47, up by 41.03 points, while the Nifty rose 13.95 points to close at 6200.05

Global Indices:

Asian shares were trading sluggishly on Wednesday following a flat finish on Wall Street, while concerns over opaque policy moves in China kept investors on edge amid a drought of major economic data.

U.S. stocks edged lower on Tuesday, easing back from record territory a day earlier as weak economic data offset gains in Home Depot and other retail shares.

European mining shares ended lower in choppy trading on Tuesday as the sector absorbed a fresh knock from China, with weak corporate outlooks hurting companies such as Fresenius and Seadrill.

SGX Nifty

sgxnifty.org@imediaone.com

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