Indian Indices:

The key domestic benchmarks are likely to be open on positive note today tracking firm cues from other Asian peers and positive closing of Wall Street in overnight trading. SGX Nifty is trading 16.00 points higher.

India’s NSE index closed at a record high on Thursday, recovering from falls in the prior session as investors resumed buying stocks of companies expected to benefit from an economic recovery, and as Coal India Ltd surged on hopes it would be privatised. The BSE Sensex gained 0.31% and NSE Nifty rose 0.32% for the day.
On Thursday (May 22, 2014) Sensex closed at 24374.40, up by 76.38 points, while the Nifty rose 23.50 points to close at 7276.40.

Global Market

Asian shares edged up to one-year highs on Friday as investors lapped up signs of improving momentum in the world’s biggest economies, with Tokyo’s Nikkei poised to score its first weekly gain in over a month thanks to a weaker yen

U.S. stocks built on advances from the previous session and closed modestly higher on Thursday, with high-growth and small-cap companies leading gains. Investors appeared to shrug off softer economic data, including jobless claims and existing-home sales.

Italian and Spanish stocks underperformed firmer equity markets elsewhere in Europe on Thursday, as traders said concerns about this week’s European Parliament elections were weighing on Milan and Madrid.

Major Headlines of the day

ZEEL forays into Thailand.

Sundaram Finance sells entire stake in CIBIL to TransUnion.

Ashok Leyland Q4 profit more than doubles at Rs363 cr.