Choppy moves seen on muted global cues

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 24.50 points lower.

Headlines for the day:

  • FTIL looking to exit Indian Energy Exchange
  • Kwality Ltd posts 21% jump in Q1 profit
  • Network18 Q1 net loss of Rs1,021 crore
  • Esssar oil posts profit of Rs684 cr in Q1
  • Radico Khaitan Q1 net profit dips 26% to Rs16 cr

Indian Indices:

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 24.50 points lower.

India’s benchmark BSE index posted its biggest daily gain since June 6, gaining for a second co nsecutive session after Tata Motors raised confidence about corporate earnings by saying it had tripled its net profit in the April-June quarter.

On Tuesday (August 12, 2014), the S&P BSE Se nsex closed at 25880.77, up by 361.53 points, while the Nifty rose 101.10 points to close at 7727.05

Global Indices:

Asian shares struggled on Wednesday after Wall Street snapped a two-day rally with the crisis in Ukraine sapping investor confidence as it threatens a fragile economic recovery in Europe.

U.S. stocks ended lower on Tuesday, snapping a two-day rally as energy shares tumbled on sliding oil prices. The pullback occurred on light volume typical of mid-August.

German shares led declines in European stocks on Tuesday as weak sentiment data and a gloomy outlook from consumer goods group Henkel provided more evidence the region’s largest economy is being hurt by the conflict in Ukraine.

SGX Nifty

sgxnifty.org@imediaone.com

You may also like...

Rules of Discussion on Choppy moves seen on muted global cues

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is stricly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Memebrs are requeuested to flag any violations to keep Forum Clean