Indices signal flat to positive start on mixed cues

Indian shares are likely to open on a flat note, tracking mixed global markets. SGX Nifty is trading 29.50 points higher.

Headlines for the day:

  • RIL becomes first private firm to post $ 1 bn quarterly profit
  • RIL posts 13.7% jump in Q1 profit
  • Reliance Jio finalises vendors, partners for 4G launch
  • SBI chief flags off ‘home loan on wheels’ in city

Indian Indices:

Indian shares are likely to open on a flat note, tracking mixed global markets. SGX Nifty is trading 29.50 points higher.

Indian energy conglomerate Reliance Industries Ltd’s quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business.

Reliance, which operates the world’s biggest refinery complex in a single location in western India, said average gross refining margin rose to $ 8.7 per barrel for the June quarter from $ 8.4 per barrel a year earlier.

Indian shares edged higher on Friday, gaining for a fourth co nsecutive session, after better-than-expected earnings from Tata Consultancy Services sparked a rally in IT stocks and offset global concerns over the downing of an airliner in Ukraine.

On Friday (July 18, 2014), the S&P BSE Se nsex closed at 25641.56, up by 80.40 points, while the Nifty rose 23.45 points to close at 7663.90.

Global Indices:

Asian stock markets inched higher on Monday as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.

European shares ended flat on Friday as the prospect of heightened tensions between Russia and the West capped appetite for risk assets and offset strong earnings reports from Sweden.

U.S. stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes closing higher for the week.

SGX Nifty

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