Mkts tipped to open higher; F&O expiry eyed

Indian Indices:

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.

Global Market:

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.

SGX Nifty

sgxnifty.org@imediaone.com

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