Markets to witness flat opening

Indian Indices:

Domestic bourses are likely to open in flat and look wobbly for the rest of the day driven by weakness in the global counterparts. SGX Nifty is trading 6.00 points higher.

Release of IIP and May CPI numbers might give the investors a reason to rejoice to some extent

Indian shares edged higher on Thursday as blue-chips such as HDFC Bank rose on hopes that economic data due later in the day may show easing retail inflation and a pick-up in industrial activity. The BSE Sensex rose 0.40% and NSE Nifty gained 0.30% for the day.

On Thursday (June 12, 2014) Sensex closed at 25576.21, up by 102.32 points, while the Nifty rose 23.05 points to close at 7649.90.

Global Market

Asian equities fell and crude oil hovered near nine-month highs early on Friday as escalating civil war in Iraq hit risk appetite.

The U.S. stock market falls on Thursday, as a spike in oil prices and softer-than-expected economic data dents sentiment on Wall Street.

European equities closed near recent multi-year highs on Thursday, as merger hopes buoyed some telecom stocks but mining shares fell amid global growth concerns.

Major Headlines of the day

Gail sets sight in UP for downstream expansion.

Tata Chemicals creates Chief Culture Officer’s position in 75th year of operation.

Jubilant Life hikes price of Vitamin B3 product by 9%.

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