Soft opening for Mkts likely amid mixed Asian cues; Fed eyed

Indian Indices:

The key domestic benchmarks are likely to open on a softer note today mirroring a mixed trend in Asian stocks as investors across the globe eyed the outcome of the US Federal Reserve’s two-day monetary policy meet today. SGX Nifty is trading 14.00 points higher.

Events for today:

Results: Kotak Mahindra Bank, OBC, IDBI Bank, Shriram City Union Finance, Marico, Petronet LNG and JSW Energy.

Indian shares fell for a third straight session on Tuesday, continuing to retreat from record highs hit last week to mark their lowest close in 1-1/2 weeks as lenders including HDFC Bank were hit after foreign investors sold index futures. The BSE Sensex slipped 0.73% and NSE Nifty fell 0.68%.
 
On Tuesday (April 29, 2014) Sensex closed at 22466.19, down by 165.42 points, while the Nifty fell 46.00 points to close at 6715.25.

Global Market

Asian shares firmed on Wednesday after earnings-fuelled gains on Wall Street, while the euro remained under pressure after weaker-than-expected German inflation data raised speculation of more easing in Europe.

On Tuesday’s session, Wall Street had all the hallmarks of a “risk-on” trade. Stocks closed moderately higher as estimate-beating earnings aided investors’ risk appetite.

European shares rose on Tuesday, led by technology stocks as results from chipmaker Infineon and telecommunication gear maker Nokia brightened the outlook for the sector.

Major Headlines of the day

SJVNL signs pact with Bhutanese company for 600 MW hydel plant.

Locals around Chakan facility extend full support to Bajaj Auto.

Strategic players eye two of GMR’s coal-based projects.

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Soft opening for Mkts likely amid mixed Asian cues; Fed eyed

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean