The key domestic benchmarks are likely to witness a cautious opening today tracking a mixed trend in major Asian stocks as investors stay jittery ahead of the beginning of the US Federal Reserve’s two-day monetary policy meeting today. SGX Nifty is trading 4.00 points lower.
Events for today:
Results: Sesa Sterlite, Shriram Transport, ING Vysya Bank, IFCI, Dabur India, Federal Bank, IOB, Bharti Airtel, Jindal Steel.
Indian shares fell on Monday for a second consecutive session, retreating from record highs hit in the previous session, as blue chips such as Larsen & Toubro fell on profit-taking while choppy global shares also weighed. The BSE Sensex slipped 0.25% and NSE Nifty fell over 0.32%.
On Monday (April 28, 2014) Sensex closed at 22631.61, down by 56.46 points, while the Nifty fell 21.50 points to close at 6761.25.
Asian share markets crept cautiously higher on Tuesday after Wall Street notched up a late rally, but conviction was sorely lacking with Tokyo shut for a holiday and plenty of major events looming later in the week..
The S&P 500 ended higher on Monday after a volatile session, as gains in Apple and Pfizer helped offset another round of selling in some high-growth tech.
European stocks ended slightly higher on Monday as merger and acquisition moves in pharmaceuticals and strong results from Germany’s Bayer outweighed anxiety over new Western sanctions against Russia.
Major Headlines of the day
Cipla faces fresh Rs 105-cr penalty for overcharging.
PE investors, Srei Infra to sell Viom Networks stakes.
Tata Motors gears up for launching Zest, Bolt.