Markets may open flat amid mixed Asian cues

Indian Indices:

The key domestic benchmarks are likely to open on a flat note, with a negative bias tracking mixed cues from Asian market. SGX Nifty is trading 8.00 points lower.

The BSE Sensex snapped its nine-day winning streak on Thursday as investors pared positions in blue-chips such as ICICI Bank after a string of record highs earlier in the week, and as caution prevailed ahead of a key ECB meeting.

On Thursday (September 04, 2014) Sensex closed at 27085.93, down by 56.01 points, while the Nifty fell 17.40 points to close at 8097.20.

Global Market:

Asian stocks were trading mixed amid caution ahead of US jobs data; offsetting the European Central Bank’s (ECB) decision to cut interest rates to a record low.

U.S. stocks ended down on Thursday, retreating from intraday records for the S&P and Dow, as a decline in energy shares sapped an earlier rally following the European Central Bank’s new stimulus measures.

European shares rose on Thursday, with a benchmark hitting a 6-1/2 year high, as the European Central Bank further cut interest rates and unveiled plans to buy assets in a bid to shore up inflation in the euro zone.

Major Headlines of the day.

Infosys bags new multi-year contract from BP

M&M eyes higher horsepower market

Union Bank to raise Rs 1,386 cr through QIP

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