Flat start on the cards

The Indian stock markets are expected to open on a flat note as the global charts look mixed. SGX Nifty is trading 0.50 point lower.

Headlines for the day:

Dabur launches Hajmola Chuzkara

FMC pressurising MCX on FTIL stake sale; denies new contracts

SEBI orders to attach Pyramid Saimira promoter property

Indian Indices:

The Indian stock markets are expected to open on a flat note as the global charts look mixed. SGX Nifty is trading 0.50 point lower.

On Wednesday (June 04, 2014), the S&P BSE Sensex closed at 24805.83, down by 52.76 points, while the Nifty fell 13.60 points to close at 7402.25

Indian shares fell on Wednesday, retreating from record closing highs hit in the previous session as exporters including IT companies such as Tata Consultancy Services fell on continued churn to domestic-oriented stocks on hopes of a revival in the economy. The BSE Sensex lost 0.21% and NSE Nifty fell 0.18% for the day.

However,activity in India’s huge services industry expanded for the first time in nearly a year in May, driven by a surge in new business, a survey showed on Wednesday.

Global Indices:

Asian share markets grudgingly gave ground on Thursday while the euro flatlined at $ 1.3600, hostage to great expectations that the European Central Bank will finally end months of dithering by easing policy further.

U.S. stocks edged up on Wednesday with the S&P 500 ending at a new record as investors brushed off weaker-than-expected labor market data and focused on an acceleration in services-sector growth.

European shares held steady on Wednesday after data confirmed a slowdown in the euro zone’s economic recovery in the first quarter, with investors awaiting fresh action by the European Central Bank to spur growth.

SGX Nifty

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