Bears to take over Bulls in early trades

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 37.50 points lower.

Headlines for the day:

Tata Power Solar partners Bajaj Finance for selling products

Cipla, Aurobindo, Emcure to supply HIV drugs for UN-backed MPP

Jet Airways extends agreement with GE Aviation

Indian Indices:

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 37.50 points lower.

India’s NSE index rose for a 3rd straight session on Thursday as lenders such as Kotak Mahindra Bank extended gains on earnings, and on upbeat sentiment as the central bank exempted long-term bonds for the infrastructure sector from reserve requirements. The BSE Sensex rose 0.04% and NSE Nifty gained 0.21% for the day.

On Thursday (July 17, 2014), the S&P BSE Sensex closed at 25561.16, up by 11.44 points, while the Nifty rose 16.05 points to close at 7640.45

Global Indices:

Asian shares sagged in early trading and a drop in Treasury yields pressured the dollar after news of a downed Malaysian airlines jet at the Ukraine-Russia border sent investors scurrying into defensive assets.

U.S. stocks sank on Thursday, with the S&P 500 posting its biggest one-day percentage drop since April 10 on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border.

European shares slumped on Thursday, sharply extending losses at the end of the trading day on news that a Malaysian passenger plane had crashed in Ukraine near the Russian border.

SGX Nifty

sgxnifty.org@imediaone.com

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