Flat start likely on subdued cues

Headlines for the day:

  • Apollo Hospitals to add cancer care facility to Navi Mumbai project
  • Lupin taps US market through FTF route
  • HCL Tech signs deal with UK firm for payment service solutions

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.

On Monday (March 10, 2014), the S&P BSE Sensex closed at 21934.83, up by 15.04 points, while the Nifty rose by 10.60 points to close at 6537.25

Indian markets ended flat with positive bias amid range bound trade on Monday led by bank and capital goods shares. The BSE index rose 0.07%, after hitting an all-time intraday high at 22,023.98 while NSE index ended up 0.16% after also marking a record high of 6,562.20, its second consecutive all-time high.

Global Indices:

Asian markets were finding their feet on Tuesday after a rocky ride the previous session, though uncertainty about the true state of China’s economy kept the mood brittle and commodity prices depressed.

U.S. stocks dipped on Monday, weighed down by soft data out of China and Boeing’s latest production setback.

European shares fell for the second straight session on Monday, hit by tensions between Russia and Ukraine and weak economic data from the world’s second-largest economy, China.

SGX Nifty

sgxnifty.org@imediaone.com

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