D Street to witness positive start

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.

SGX Nifty

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