Markets to open flat; IIP data, Infosys Q1 nos eyed

Indian Indices:

Markets are expected to open on a cautious note in the absence of any triggering cues. SGX Nifty is trading 14.00 points higher.

After the Union Budget 2014-15 failed to impress markets, investors will eye Infosys, which is set to announce results for April-June quarter.

Moreover, investors will also keep an eye on IIP data for May 2014 that will be unveiled later today.

On Thursday (July 10, 2014) Sensex closed at 25372.75, down by 72.06 points, while the Nifty fell 72.06 points to close at 7567.75.

Global Market:

Asian shares recouped early losses on Friday as sentiment in the region proved resilient to Portuguese bank concerns amid signs offshore funds were returning to emerging world assets.

The U.S. stock market closes lower as a decision by one of Portugal’s biggest banks to delay a debt payment reminded investors of the fragility of Europe’s banking system

Investors across Europe trimmed their exposure to banks on Thursday in response to growing concerns about the health of Portugal’s biggest listed lender, with a leading pan-European share index slipping to a two-month low.

Major Headlines of the day.

Tata-owned JLR registers strongest ever half-year sales

Britannia monetises its land parcel in Chennai for Rs172 cr

Indian Hotels sells Sydney hotel for Rs180 cr

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