Mkts may open higher on + Asian cues

Indian Indices:

The key domestic benchmarks are likely to open higher today mirroring a positive trend in Asian stocks and a bullish closing on Wall Street overnight. Asian stocks rose tracking gains in US equities. SGX Nifty is trading 5.50 points lower in trade today’s.

Events for today:

Results: TCS, Indusind Bank

Mkts fell for a second consecutive session on Tuesday, marking its biggest fall since March 3, as interest-rate sensitive shares such as HDFC fell after WPI accelerated much more than expected. The BSE Sensex and NSE Nifty slipped 0.64%

On Tuesday (April 15, 2014) Sensex closed at 22484.98, down by 144.03 points, while the Nifty fell 43.20 point to close at 6733.10.

Global Market

Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome.

US stocks closed higher on Tuesday following a choppy session, bouncing back from a sizable drop that came after reports of fighting on the ground in Ukraine. The main indexes closed a little under their morning highs, which came as blue chips Coca-Cola Co. and Johnson & Johnson Inc. delivered upbeat earnings reports.

European stocks sank on Tuesday, resuming last week’s sell-off as worries over escalating tension in Ukraine and weak updates by bellwethers including Nestle spooked investors.

Major Headlines of the day

Diageo to spend Rs11,448 cr for another 26% in USL.

Ashok Leyland-Nissan launches LCV ‘Partner’.

SpiceJet introduces consolidated fare.

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