Markets may open lower on weak Asian cues

Indian Indices:

The key domestic benchmarks are tipped to open lower today tracking a bearish trend in major Asian markets as ongoing conflicts in Ukraine and the Middle East dim the appeal of risky assets. SGX Nifty is trading 9.00 points lower.

India’s NSE index edged lower on Monday after earlier hitting a second consecutive record high as gains in blue chips such as Tata Consultancy Services were offset by a slump in resources firms following the top court’s ruling on coal allocations. The BSE Sensex gained 0.07% while the CNX Nifty ended 0.09% lower.

On Monday (August 25, 2014) Sensex closed at 26437.02, up by 17.47 points, while the Nifty fell 6.90 points to close at 7906.30.

Global Market:

Asian shares inched higher on Tuesday as investors increasingly expect the European Central Bank to expand liquidity as soon as next week to boost the sagging euro zone economy – just as the U.S. Federal Reserve plans to end its bond-buying drive.

The US S&P 500 stock index broke through the landmark 2,000 level on Monday, marking a six-year rally which has benefited many Americans from Wall Street to Main Street.

European shares rose on Monday, as prospects of new stimulus measures from the European Central Bank enabled the region’s stock markets to shrug off weak German data and the resignation of the French government.

Major Headlines of the day.

Bosch turns aggressive on tapping non-automotive biz.

Muthoot Finance picks up 30% stake in Lankan NBFC for $ 2.1 million

Snowman raises Rs44 cr from anchor investors

SGX Nifty

sgxnifty.org@imediaone.com

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