Bears to take some rest as Bulls may backfire

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 27.00 points higher.

Headlines for the day:

  • Suuti to sell 9% in Axis Bank today
  • FTIL examining Sebi’s ruling on ‘fit and proper’
  • Canara Bank to raise Rs1,000 cr from bonds
  • Ashok Leyland launches Boss in Delhi at Rs10.5 lakh

Indian Indices:

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 27.00 points higher.

On Thursday (March 20, 2014), the S&P BSE Se nsex closed at 21740.09, down by 92.77 points, while the Nifty fell 40.95 points to close at 6483.10

Markets ended lower retreating further from record highs hit at the start of the week, on worries US interest rates would rise sooner than expected and dent the appeal of higher-yielding emerging markets. The BSE Se nsex fell 0.42% and the Nifty was down by 0.63%.

Global Indices:

Asian markets found their footing on Friday after Wall Street shook off concerns about Federal Reserve policy, while this week’s spike in U.S. yields kept the dollar underpinned near three-week highs.

U.S. stocks rose on Thursday, after a batch of economic data pointed to an improving economy and investors reassessed Fed Chair Janet Yellen’s comments that had fueled speculation of an earlier-than-expected rate hike by the central bank.

European shares recouped early losses to finish steady on Thursday after data showing robust factory activity in the U.S. mid-Atlantic region raised expectations that U.S. economic recovery remained on track.

SGX Nifty

sgxnifty.org@imediaone.com

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