The key Indices are likely to open with mild gains as Asia markets are trading with modest rise. SGX Nifty is trading 1.50 points higher.
Index heavyweight Reliance Industries Ltd (RIL) will be in focus after reporting its highest quarterly profits in two years on April 18, 2014.
Events for today:
Results: Hindustan Zinc and LIC Hsg Finance
Indian shares rose over 1.5% on Thursday to snap a three-day losing streak as lenders such as ICICI Bank Ltd surged on value buying and hopes of gains on bond portfolios after the central bank’s biggest debt auction. The BSE Sensex gained 1.58% and NSE Nifty rose 1.56%.
On Thursday (April 17, 2014) Sensex closed at 22628.84, up by 351.61 points, while the Nifty rose 104.10 points to close at 6779.40.
Asian stock markets started the week on a subdued note on Monday, as tensions in Ukraine kept investors cautious amid the absence of catalysts as several markets remained closed for Easter holiday.
US stocks rose, sending the Standard & Poor’s 500 Index to its best week since July, as earnings from General Electric Co. and Morgan Stanley beat estimates and concern eased that the Ukraine crisis may worsen.
European equities finished higher on Thursday after losing ground earlier in the session, with upbeat results from major U.S. companies like Morgan Stanley, Goldman Sachs and General Electric improving sentiment.
Major Headlines of the day
Ranbaxy’s journey as a company to end after merger with Sun.
RIL divests 30% stake in Peru oil block.
NTPC frames new policy to weed out unprofessional vendors.