Bulls set to make a comeback on D Street

Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 34 points higher.

Headlines for the day:

  • RIL eyes Fortune 50 tag with $ 30-bn investment

  • BHEL Bhopal to cut down on subsidies, freebies

  • Sesa Sterlite seeks SEZ benefits to run aluminium SEZ

  • Edelweiss’s public issue of bonds oversubscribed

Indian Indices:

Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 34 points higher.

The BSE Se nsex and Nifty fell by 1%, heading towards their biggest single-day fall since late January, on concerns about the impact of higher oil prices on inflation and the government’s finances.

On Wednesday (June 18, 2014), the S&P BSE Se nsex closed at 25246.25, declined by 274.94 points, while the Nifty fell 73.50 points to close at 7558.20.

Global Indices:

Tokyo shares led Asia higher on Thursday, riding on Wall Street’s optimism after the U.S. Federal Reserve gave a positive assessment of the economy and committed to retaining accommodative monetary policy

U.S. stocks rose on Wednesday, with the S&P 500 ending at a record after the Federal Reserve hinted at a slightly faster pace of interest-rate increases starting next year but suggested rates in the long run would be lower than it had indicated previously.

European stock markets were steady on Wednesday, hovering near multi-year highs reached last week and supported by shares in major energy companies as violence in Iraq pushed up oil prices.