Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 25 points lower.

Headlines for the day:

Shareholders approve Essar Oil delisting

Airtel partners with BGFIBank for mobile money services in Africa

State Bank of Patiala Q1 net up 15.50 pc at Rs135.60 cr

Indian Indices:

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 25 points lower.

Indian shares fell over 1% on Wednesday, snapping two days of gains, as lenders slumped on worries that a sell-off in government bonds would hit the value of their debt holdings.

On Wednesday (August 06, 2014), the S&P BSE Se nsex closed at 25665.27, down by 242.74 points, while the Nifty fell 74.50 points to close at 7672.05

Global Indices:

Asian share markets got off to a cautious start on Thursday, with Japanese stocks pulling further away from six-week lows as a Russian troop build-up on the border with Ukraine sapped risk-appetite and pushed global bond prices higher.

Major U.S. stock indexes ended little changed on Wednesday, as tensions in Ukraine and Russia and a failed merger between Sprint and T-Mobile offset gains in consumer staples shares.

A ratcheting up of tensions in Ukraine and concerns about the strength of Europe’s economic recovery knocked European shares back onto a downward path on Wednesday.