Global charts indicate higher opening

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 19.50 points higher.

Events for the day:

Tata Power Rights Issue in ratio 7:50

Headlines for the day:

  • Infosys signs five-year pact wit Swedish insurance organisation
  • A M Naik sells his L&T shares worth Rs28.30 cr in 10 days
  • Polaris demerge product business to new entity
  • FinMin looking at Coal India disinvestment next fiscal
  • Ashok Leyland sells shares worth Rs207 crore in IndusInd Bank

Indian Indices:

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 19.50 points higher.

On Tuesday (March 18, 2014), the S&P BSE Se nsex closed at 21832.61, up 22.81 points while the Nifty gained 12.45 points to close above at 6516.64

The BSE Se nsex and Nifty ended marginally higher after earlier gaining more than 1% to hit record highs. The BSE Se nsex rose 0.10% and CNX Nifty was up by 0.19%

Meanwhile, Goldman Sachs upgraded Indian shares to ‘overweight’ from ‘marketweight’ and raised its target on Nifty to 7,600, citing reduced external vulnerabilities, including a narrowing current account deficit, and potential for gains ahead of elections that conclude in May.

Global Indices:

Asian share markets opened on a tentative footing on Wednesday, with investors cautious amid the backdrop of East-West geopolitical tensions involving Ukraine and ahead of a closely-watched Federal Reserve policy review later in the session.

U.S. stocks climbed for a second straight session on Tuesday, with the S&P 500 within striking distance of its record after comments from Russian President Vladimir Putin soothed anxiety that tensions over Ukraine could escalate.

European shares changed course to climb higher in late trading on Tuesday after comments from Russian President Vladimir Putin eased concerns that tensions over Ukraine will escalate.

SGX Nifty

sgxnifty.org@imediaone.com

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