Positive opening likely; Infosys nos in focus

Indian Indices:

The Indian markets are likely to open in the green terrain tracking positive Asian peers. SGX Nifty is also trading 21 points higher in today’s trade.

Events for today:

Monthly Wholesale Price Inflation for March

Consumer Price Inflation (CPI)

Results: Infosys.

Indian shares fell on Friday, retreating from record highs hit in the previous session as blue chips such as Reliance Industries retreated ahead of quarterly earnings and inflation data due next week. The BSE Sensex slipped 0.38% and NSE Nifty fell 0.30%.

On Friday (April 11, 2014) Sensex closed at 22628.96, down by 86.37 points, while the Nifty fell 20.10 point to close at 6776.30

Global Market

Asian shares edged higher in early trade on Tuesday after upbeat U.S. data helped Wall Street bounce from a sharp sell off in recent days.

US stocks closed higher on Monday as Citigroup’s earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.

European shares extended losses on Monday, with a major index slipping to its lowest level in three weeks, as fresh tension in Ukraine prompted investors to shun cyclical sectors such as travel, autos and technology.

Major Headlines of the day

IT companies look for options to overcome H-1B visa shortage.

MRF decides not to cut capex plans.

Kajaria eyeing 20% revenue growth in FY15.

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