Markets may start lower on negative Asian cues

Indian Indices:

The key domestic benchmarks are likely to witness a negative opening today tracking a weak trend across markets in Asia amid speculation of further sanctions against Russia on rising tensions with Ukraine. SGX Nifty is trading 7.00 points lower.

Events for today:

Results: HUL, Shree Cement, Godrej Consumer Products and Idea Cellular.

Indian shares ended lower after hitting a record high for the fourth straight session on disappointment over earnings from market heavyweights including ICICI Bank Ltd. The BSE Sensex and NSE Nifty fell over 0.8% each.
 
On Friday (April 25, 2014) Sensex closed at 22688.07, down by 188.47 points, while the Nifty fell 58.05 points to close at 6782.75.

Global Market

Asian shares began the week under a cloud on Monday, after a dismal week on Wall Street and against the backdrop of increasing tension in Ukraine.

Stocks on Wall Street ended lower on Friday amid weak corporate earnings while the emerging crisis in Ukraine also weighed on investor sentiment.

German stocks led European shares lower on Friday as new signs of violence in Ukraine hit sentiment, although equities remained underpinned by corporate takeover activity.

Major Headlines of the day

Bajaj Auto Union defers strike at Chakan Plant till May 15.

Shriram Capital eyes inorganic route for growth.

NMDC mulls shifting proposed pellet plant site in Chhattisgarh.

SGX Nifty

sgxnifty.org@imediaone.com

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