Markets set for a flat to positive start

Indian Indices:

Key Indices are set to begin first trading session of the week on a flat to positive note led by mixed Asian cues. SGX Nifty is trading 33.00 points higher

Indian Indices ended on flat note, in the special trading session on Saturday (March 23, 2014) that was held only for two hours. Broader markets maintained its uptrend with positive bias. The mid and smallcap index advanced 0.37% and 0.74% in an otherwise flattish markets.

On Saturday (March 22, 2014) Sensex closed at 21755.32, 1.57 points higher and the Nifty ended at 6494.90, up by 1.70 points.

Global Market

Asian shares gave up earlier gains on Monday after the China HSBC flash manufacturing purchasing managers index (PMI) fell to an eight-month low in March.

US stocks dipped on Friday, as investors booked profits in momentum names heading into the weekend, wiping out early gains that had pushed the S&P 500 to an intraday record high.

European shares edged higher in choppy trading on Friday and recorded their biggest weekly gain in a month, helped by a rally in basic resources stocks and some positive technical buying signals.

Major Headlines of the day

IL&FS likely to raise $ 1 bn for infra debt fund by Sep.

Titan aims to double its size in jewellery market in 5 yrs.

Tata Motors to invest Rs1,500 cr on new trucks, buses in FY15.

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