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.
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