Markets to witness flat opening ahead of F&O expiry, CPI data

Indian Indices:

Tracking mixed cues from the global markets, Indian markets is expected to open on a flat note on Monday. SGX Nifty is trading 8.50 points higher.

Investors are expected to remain on the sidelines ahead of the F&O expiry, which is scheduled later in the week. The announcement of Consumer Price Index (CPI) data for Industrial Workers on July 31 will further add to the cautiousness of investors

India’s NSE index fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips such as ICICI Bank , while software stocks declined after Wipro’s U.S. dollar revenue growth lagged rivals.

On Friday (July 25, 2014)  Se nsex closed at 26126.75, down by 145.10 points, while the Nifty fell 40.15 points to close at 7790.45.

Global Market:

Asian stocks shrugged off a drop in Wall Street and hovered near three-year highs on Monday, with China taking the lead after data showed a robust jump in profits earned by industrial firms in the world’s second-largest economy.

Weak German economic data and a slump in the shares of luxury goods group LVMH hit European stock markets on Friday.

The Dow Jones Industrial Average dropped below 17,000 on Friday on disappointing earnings, leaving it with its biggest weekly decline in six weeks.

Major Headlines of the day.

Reliance Power to acquire all hydro projects of Jaypee group.

Wipro to expand IT operations in Vizag.

Ashok Leyland to launch ‘Jan Bus’ in Kolkata this week.

SGX Nifty

sgxnifty.org@imediaone.com

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