Flat to negative start on the cards

The Indian stock markets are expected to open on a flat to negative note as the global charts look weak. SGX Nifty is trading 9 points higher.

Events for the day:

Index for Industrial Production YoY

CPI YoY data to be released

Headlines for the day:

RCom extends 3G footprint through roaming pacts

SBI partners with Ezetap Mobile to launch mPOS solution

VE Commercial Vehicles to launch dozens of new vehicles under PRO Series

Indian Indices:

The Indian stock markets are expected to open on a flat to negative note as the global charts look weak. SGX Nifty is trading 9 points higher.

On Wednesday (June 11, 2014), the S&P BSE Sensex closed at 25473.89, down by 109.80 points, while the Nifty fell 29.55 points to close at 7626.85

Indian shares snapped a four-day winning streak after hitting all-time highs for the fourth session on Wednesday on profit-taking after recent outperformance in infrastructure and capital goods stocks. The BSE Sensex lost 0.43% and NSE Nifty fell 0.39% for the day.

Global Indices:

Asian shares slipped on Thursday after Wall Street shares stepped back from record levels while civil war in Iraq supported oil prices.

European equity markets retreated from multi-year highs on Wednesday as a profit warning from German airline Lufthansa hit travel stocks.

U.S. stocks fell on Wednesday, with the Dow breaking a four-day string of record closing highs, following the World Bank’s reduction of its global growth forecast.

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Flat to negative start on the cards

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