Indian stocks signal positive start

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 58.00 points higher.

Headlines for the day:

  • RPower’s Butibori turns commercial
  • BEL records Rs6,180 cr turnover
  • Alstom bags Rs182 crore contract from Power Grid
  • Domestic steel producers mixed on product price revision for April

Indian Indices:

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 58.00 points higher.

On Tuesday (April 01, 2014), the S&P BSE Sensex closed at 22446.44, up by 60.17 points, while the Nifty rose 16.85 points to close at 6721.05

Indian shares rose to a record high for a seventh consecutive session as blue chips such as Larsen & Toubro extended a rally after the central bank left interest rates unchanged and said it did not expect policy tightening in the near-term. The BSE Sensex gained 0.27% and NSE Nifty rose 0.25%.

Global Indices:

Asian share markets added to their recent rally on Wednesday as investors chose to accentuate the positive in a mixed bag of global economic data, pressuring the safe haven yen to a 10-week trough.

U.S. stocks rose for a third straight session on Tuesday, with the S&P 500 ending at a record close, after positive data on factory activity indicated economic growth was gaining traction following a harsh winter.

European stocks climbed on Tuesday, extending their two-week rally, helped by M&A fever as well as robust French and U.S. factory data.

SGX Nifty

sgxnifty.org@imediaone.com

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