Markets set to positive start

Indian Indices:

SGX Nifty directs a firm opening on the Indian bourses. SGX Nifty is trading 7.00 points higher.

After witnessing a continued buying momentum, the markets are likely to witness some profit booking at higher levels during the later trade hours as the market seems overbought.

On Monday (June 09, 2014) Sensex closed at 25580.21, up by 183.75 points, while the Nifty rose 71.20 points to close at 7654.60.

Global Market

Asia stocks edged up to a three-year high on Tuesday after a record-breaking Wall Street bull run continued on the back of economic optimism, while rising yields supported the dollar.

The U.S. stock market ended Monday’s choppy trading session slightly higher, as both the S&P 500 and Dow Jones Industrial Average closed at record levels.

Spain, Italy and Portugal outperformed other European stock markets on Monday, as investors stepped up bets that they would benefit most from the European Central Bank’s latest economic stimulus measures.

Major Headlines of the day

Piramal Enterprises picks up 9.99% stake in SCUF.

‘Maruti’s Gujarat plant deal adds to operational complexity’.

RCom does away with STD, roaming charges.

You may also like...

Rules of Discussion on Markets set to positive start

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 strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.

Loading comments …