The key domestic benchmarks are likely to witness a positive opening today tracking a mostly bullish trend in Asian markets as investors bet on further monetary stimulus in the Euro area. SGX Nifty is trading 16.00 points higher.
Indian shares rose on Wednesday to a record closing high as expectations of further monetary stimulus in the Euro zone raised hopes of continued foreign inflows, lifting blue-chips such as ICICI Bank Ltd. The BSE Sensex gained 0.44% while the CNX Nifty ended 0.40% higher.
On Wednesday (August 27, 2014) 30-share Sensex ended 117 points higher at 26,560 and the 50-share Nifty gained 31 points to end at 7,936.
Asian stocks crept up on Thursday following another steady performance by Wall Street shares which hovered near record highs, while the euro clung to modest gains after rebounding from 13-month lows.
U.S. stocks were little changed on Wednesday, with the S&P 500 creeping up to another record closing high in a lethargic session, though a number of retail stocks traded heavily after reporting results.
European shares steadied near a one-month high on Wednesday, pausing after a 2-1/2-week rally, as a drop in German consumer morale and negative corporate news curbed appetite for stocks.
Major Headlines of the day.
CCI gives green signal to Sanofi-Apollo deal.
RIL to shut down Hazira manufacturing unit for 4 weeks.
RCom ready with USSD platform for mobile banking.