Indian markets are likely to see a flat to positive start on the back of positive Asian cues. SGX Nifty is trading 1.00 points lower.
Events for today:
Results: HDFC Bank and MRF
Indian shares hit record highs on Monday as lenders such as Axis Bank rallied ahead of their financial results starting later this week, while strong gains in debt markets reduced concerns about potential losses in the sector’s bond portfolios. The BSE Sensex gained 0.60% and NSE Nifty rose 0.56%.
On Monday (April 21, 2014) Sensex closed at 22764.83, up by 135.99 points, while the Nifty rose 38.25 points to close at 6817.65.
Asian shares were supported on Tuesday after Wall Street stocks extended gains into a fifth day, though investors continued to see tensions in Ukraine as a threat to risk appetite.
The US markets showed a strong rally with the S&P 500 netting its first five-day winning streak since October
European markets were closed on April 21, 2014
Major Headlines of the day
Jet Airways trims workforce to cut costs.
Hero forms joint venture in Bangladesh.
L&T calls off merger talks with Future Generali Insurance.