Flat start likely on mixed cues

Indian shares are likely to open on a flat note, tracking mixed global markets. SGX Nifty is trading 12.00 points lower.

Headlines for the day:

BGR Energy secures contracts worth Rs303 crore from core sector

Uninor Q2 revenue rises more than 40%

Polaris Q1 net dips 11.2% to Rs38.3 cr

Cairn India is betting big on gas production from its block

Indian Indices:

Indian shares are likely to open on a flat note, tracking mixed global markets. SGX Nifty is trading 12.00 points lower.

India’s NSE index marked its record closing high on Wednesday, led by gains in technology stocks on continued foreign-investor buying, while firm cues from Asian markets also aided sentiment.

On Wednesday (July 23, 2014), the S&P BSE Sensex gained 121.53 points and ended at 26147.33 while the CNX Nifty ended 27.90 points higher at 7,795.75.

Global Indices:

Asian stock markets edged broadly higher on Thursday and the Australian dollar jumped after a surprisingly strong reading on Chinese manufacturing bolstered hopes for recovery in the world’s second-biggest economy.

Portugal’s stock market outperformed other European bourses on Wednesday, rallying after investors bought stakes in the country’s troubled lender Banco Espirito Santo.

US stocks ended mostly higher on Wednesday, with the S&P 500 closing at a record on Apple’s bullish results, though Boeing weighed on the Dow and conflicts in Ukraine and the Gaza Strip kept the broader market’s gains in check

SGX Nifty

sgxnifty.org@imediaone.com

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