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...

Discussion on Flat to negative start on the cards