Indian shares are likely to open on a flat to positive note, tracking mixed global markets. SGX Nifty is trading 1.00 point lower.
Headlines for the day:
- Mahindra Holidays & Resorts acquires Covington Sarl
- Exim Bank pays 48% of its net profit to govt
- Sebi bars Sunplant, its directors from mobilising funds
- Mastek Q1 net profit slips 88% to Rs 7.09 cr
Indian Indices:
Indian shares are likely to open on a flat to positive note, tracking mixed global markets. SGX Nifty is trading 1.00 point lower.
India’s NSE index rose to a record high for a second straight session on Thursday after cabinet approval for a higher FDI limit in insurance and a rejig in foreign debt limits reinforced optimism about the government’s reform agenda
On Thursday (July 24, 2014), the S&P BSE Sensex gained 124.52 points and ended at 26271.85 while the CNX Nifty ended 34.85 points higher at 7830.60.
Global Indices:
An index of Asian shares pulled away from a three-year high on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.
U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
European shares opened slightly lower on Thursday, with investor attention dominated by a raft of mixed company earnings and economic data that appeared unlikely to dispel worries about the eurozone’s pace of recovery.