Mkts may open marginally lower on tepid Asian cues

Indian Indices:

The key domestic benchmarks may open marginally lower today tracking tepid cues from Asian peers which were trading mostly in the red as investors weighed an improving US economic outlook while inflationary pressures were limited. SGX Nifty is trading 12.00 points lower.

Indian shares rose to their second co nsecutive record high on Tuesday as blue-chips such as Tata Motors Ltd gained on positive institutional inflows, while oil retailers surged, tracking Brent crude prices, which hovered near 14-month lows.

On (Tuesday 19, 2014) Sensex closed at 26420.67, up by 29.71 points, while the Nifty rose 23.25 points to close at 7897.50

Global Market:

Asian stocks were steady on Wednesday after strong U.S. housing data lifted Wall Street shares, helping nudge Treasury yields higher and keeping the dollar well bid against the euro and yen.

US stocks ended higher for the second straight session on Tuesday, as robust housing data and strong earnings from Dow component Home Depot overshadowed lingering concerns about the conflict in Ukraine.

European shares extended the previous session’s rally on Tuesday, with Germany’s DAX index outperforming, driven by what traders saw as an easing of the Ukraine crisis.

Major Headlines of the day.

Ashok Leyland mobilise Rs210 cr by selling land.

Karur Vysya Bank launches share sale to raise upto Rs1,000 cr.

Tata Motors launches Zest sedan in north India, prices it at Rs4.64 lakh.

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