Market may open lower amid mixed Asian cues

Indian Indices:

The key domestic benchmarks may open lower today as a three-day rally may prompt investors and speculators to book profits. SGX Nifty is trading 24 points higher.

Trading may remain volatile ahead of the Independence Day holiday tomorrow. Meanwhile, a rise in consumer inflation in July has also dampened hopes of any near-term policy easing by the Reserve Bank of India (RBI).

Investors will keep a watch on the last day of Q1 earning season.

Sensex, Nifty edge higher for a third consecutive session on Wednesday as a weak rupee boosted technology stocks such as TCS although broader gains were capped after disappointing earnings from blue-chips including BHEL.

On Wednesday (August 13, 2014)  Sensex closed at 25918.95, up by 38.13 points, while the Nifty rose 12.50 points to close at 7739.55.

Global Market:

Asian shares pushed higher on Thursday after a flood of soft economic data led investors to wager on a ceaseless fountain of stimulus from major central banks, sending bond yields tumbling across the globe.

US stocks ended higher on Wednesday, with the Dow Jones industrial average returning to positive territory for the year, as surging biotech shares helped investors shrug off disappointing retail sales data.

European stock markets recovered ground on Wednesday, lifted by gains in the shares of utility E.ON and insurer Swiss Life after forecast-beating results.

Major Headlines of the day.

Airtel may have to surrender excess spectrum in Mumbai.

Tata Power aims to double generation capacity to 18,000 MW by 2022.

Tata Motors eyes exports Zest to Asian and African markets.

SGX Nifty

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