Mkts may open lower amid mixed Asia trend

Indian Indices:

The key domestic benchmarks are likely to open tad lower today tracking a mixed trend in stocks across Asia. SGX Nifty is trading 21.50 points lower.

India’s NSE index surged past the psychologically important 8,000 level for the first time on Monday to mark its latest record high as blue-chips such as ICICI Bank gained after better-than-expected quarterly economic growth data. The BSE Sensex gained 0.86% while the CNX Nifty ended 0.92% higher.

On Monday (September 01, 2014) Sensex ended up 229 points at 26,868 after hitting a record high of 26,900  and Nifty ended up 73 points at 8,028 after touching a record high of 8,035. The Bank Nifty also ended above 16,000 for the first time.

Global Market:

Asian shares slipped on Tuesday as a U.S. holiday robbed markets of momentum, while the euro hit a fresh one-year low on uncertainty over the European Central Bank’s policy decision later this week.

US Markets were Closed

European shares edged higher to close near a recent one-month peak on Monday, with merger and acquisition speculation about British broadcaster ITV helping media stocks and Novartis leading drugmakers.

Major Headlines of the day.

New launches key to revival of Nestle’s fortunes.

Cipla launches copy of GSK’s top asthma drug in Germany, Sweden.

Apollo to invest Rs 400 cr to open 3 hospitals by FY15-end.

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