Markets seen opening in green on global support

Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 15 points higher.

Headlines for the day:

RCom arm to connect Mumbai and Singapore with sub-sea cable

OIL signs MoU with Russia’s Gazprom

Bajaj to launch quadricycle by October

Indian Indices:

Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 15 points higher.

Indian markets traded weak yesterday, but recovered marginally from their day’s lows after oil and financial shares trimmed losses while gains in IT majors helped improve sentiment. The BSE Sensex slipped 0.18% and NSE Nifty fell 0.23% for the day.

On Thursday (June 19, 2014), the S&P BSE Sensex was down 44.45 points at 25201.80 while Nifty ended at 7540.70, down 17.50 points

Global Indices:

An index of global stocks was near record highs on Friday while gold celebrated its biggest one-day rise in nine months as markets wagered policies would stay super loose in the United States, Europe and Japan for a long time to come.

The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors’ optimism that the Federal Reserve will keep interest rates low for a long period of time.

European stocks rallied on Thursday, with one blue-chip index near a six-year high, after the U.S. Federal Reserve signalled that over the long-run interest rates would be lower than it had previously indicated.

SGX Nifty

sgxnifty.org@imediaone.com

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