Markets to witness flat opening following global cues

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 18.00 points lower.

Market rose for a fourth consecutive session to its highest close in nearly two-and-a-half weeks as blue-chips such as ICICI Bank rose, tracking Asian stocks on hopes soft economic data globally would lead to continued policy stimulus

On Thursday (Thursday 14, 2014) The Sensex closed at 26103.23, up by 184.23 points, while the Nifty rose 52.15 points to close at 7791.70.

Global Market:

Asian stocks eked out gains on Monday after seeing Wall Street recover from the latest round of tensions in the Ukrainian crisis, although renewed uncertainty over the volatile conflict put a firm lid on markets.

US stocks ended mixed on Friday, paring an earlier selloff sparked by reports of Ukraine shelling a Russian armored column.

European shares sharply reversed earlier gains to end in negative territory on Friday, led down by the Russia-exposed DAX index, on news of a Ukrainian attack on a Russian convoy.

Major Headlines of the day.

IDBI Bank to declare Kingfisher Airlines ‘wilful defaulter’.

Zee Entertainment on global expansion drive.

Cipla seeks adoption of pragmatic IPR policy.

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