Positive opening seen on global support

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 24.00 points higher.

Headlines for the day:

  • Reliance Jio in tower leasing pact with Viom
  • NDTV launches Prime as part of dual channel strategy
  • SpiceJet tops on-time performance in Feb

Indian Indices:

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 24.00 points higher.

On Friday (March 14, 2014), the S&P BSE Sensex closed at 21,810, up 35 points while the Nifty gained 11 points to close above the psychological 6,500 levels at 6,504.

Markets edged higher in late trades led by buying index heavyweights and short covering in financial shares. The BSE Sensex rose 0.16% and NSE Nifty was up by 0.17%

Global Indices:

Asian shares rose on Tuesday and the yen remained well off recent highs as the threat of immediate military conflict in Ukraine receded, though investors remained cautious ahead of this week’s U.S. Federal Reserve policy meeting.

U.S. stocks climbed on Monday, with the S&P 500 bouncing from its worst weekly drop in the past seven, as concerns eased over the situation in Crimea, while economic data indicated the economy was improving after a winter slowdown.

European stocks rose on Monday, bouncing back from a three-week slide, helped by robust U.S. manufacturing data and after Crimea’s vote to join Russia passed without violence.

SGX Nifty

sgxnifty.org@imediaone.com

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