Bears likely to ring the bell

The Indian stock markets are expected to open on a flat note as the global charts look mixed. SGX Nifty is trading 17.00 points lower.

Headlines for the day:

  • WCP Holding exits from Repco Bank
  • Tata Motors to enter Philippines
  • Temasek invests Rs250-cr in StarAgri
  • SpiceJet revenue management GM quits two days after discount sale

Indian Indices:

The Indian stock markets are expected to open on a flat note as the global charts look mixed. SGX Nifty is trading 17.00 points lower.

On Thursday (April 03, 2014), the S&P BSE Sensex closed at 22509.07, down by 42 .42 points, while the Nifty fell 16.45 points to close at 6736.10

Indian shares fell today after touching their 9th consecutive record high as state-run banks such as SBI slumped on concerns about losses on their debt portfolios as domestic bonds extended a slide this week. The BSE Sensex slipped 0.19% and NSE Nifty fell 0.24%.

Global Indices:

Asian markets were settling for a subdued session on Friday as investors counted down the hours to the U.S. jobs report, while the euro nursed a grudge after the European Central Bank opened the door to more aggressive easing, albeit not just yet.

U.S. stocks slipped on Thursday, as investors turned cautious ahead of Friday’s monthly jobs report, while a drop in biotech and momentum shares dragged the Nasdaq down nearly 1 percent.

European shares rose on Thursday, with some benchmark indexes hitting multi-year highs, after the European Central Bank opened the door for unconventional measures to thwart the risk of deflation.

SGX Nifty

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