Events for the day:
- Fiscal Deficit data
- BoP Current Account Balance
Headlines for the day:
- Dr Reddy’s eyes fresh foray into Japanese market
- ABG Shipyard sails out of troubled waters with Rs11K-cr CDR
- Tata Steel to start Kalinganagar production in Q4 FY15
- Axis Bank to open 750 urban branches over next two years
The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 25.50 points higher.
Last week, Indices maintained their North journey for the entire week; recording fresh all times highs on back of FII inflows. The Sensex shut shop 2.68% higher while the Nifty rose 3.09% for the week.
On Friday (March 28, 2014), the S&P BSE Sensex closed at 22339.97, up by 125.60 points, while the Nifty rose 54.15 points to close at 6695.90
Indian shares hit a record high for a fifth straight session on Friday as state-run lenders such as State Bank of India continued their recent rally after the central bank extended the deadline for implementing Basel III capital-raising rules. The BSE Sensex gained 0.57% and NSE Nifty rose 0.71%.
Asian stocks were up slightly in a cautious start to the week on Monday, with investors holding out hopes that China would take steps to stimulate its economy.
U.S. stock investors will take their cues this week from March jobs data and diplomacy to defuse East-West tensions over Russia’s annexation of Ukraine’s Crimea region.
European stocks rallied on Friday, with Milan’s benchmark index hitting a near three-year high, lifted by mounting expectations that the European Central Bank may ease policy next week to support the region’s fragile economic recovery.