Dalal Street may continue marching towards North

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 8.00 points higher.

Events for the day:

  • HSBC India Composite PMI
  • HSBC India Services PMI

Headlines for the day:

  • Zee Media prays High Court to vacate interim stay
  • MCX asks FTIL to transfer stake to escrow
  • Kolte Patil partners ASK Real Estate to buy land parcel in Pune
  • NMDC clocks record sales, production in FY14

Indian Indices:

The Indian stock markets are expected to open in the green zone as the global charts look supportive. SGX Nifty is trading 8.00 points higher.

On Wednesday (April 02, 2014), the S&P BSE Sensex closed at 22551.49, up by 105.05 points, while the Nifty rose 31.50 points to close at 6752.55

Indian shares rose to record high for an eighth consecutive session after NBFC’s surged after the Election commission (EC) allowed the central bank to announce new bank licences ahead of the general elections. The BSE Sensex and NSE Nifty rose 0.47% each.

Global Indices:

Asian shares hovered near four-month highs on Thursday as upbeat U.S. data underpinned risk appetite, while news China is taking steps to stimulate its economy spurred Tokyo’s Nikkei to a three-weak peak.

The S&P 500 closed at another record high on Wednesday as signs of steady private-sector hiring suggested that the economy was slowly building momentum after a winter-related pullback

Gains in Nestle and Deutsche Post propped up European shares on Wednesday, extending the benchmark index’s winning streak into a seventh straight day.

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Dalal Street may continue marching towards North

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean