The key domestic benchmarks may open higher today tracking a mostly positive trend from stocks across Asia as weaker than expected US jobs data dampened the prospects of earlier than expected monetary tightening by the Federal Reserve, boosting the appetite for risky assets. SGX Nifty is trading 28.00 points higher.
Indian shares fell for a second straight session on Friday as profit-taking continued in blue-chips such as ICICI Bank after a string of records earlier this week, while foreign investor sales in equity derivatives also weighed. The BSE Se nsex dropped 0.22% while the CNX Nifty ended 0.11% lower.
On Friday (September 05, 2014) 30-share Sensex ended down by 59 points at 27,027 and the 50-share Nifty slipped 9 points to close at 8,087.
Asian shares got off to a cautious start on Monday, while a plunge in sterling after a poll showed rising support for Scottish independence helped bolster the dollar.
U.S. stocks ended higher on Friday, lifting the S&P 500 to a fresh closing high, after a weaker-than-expected jobs report was taken as a sign that the Federal Reserve will not begin raising interest rates anytime soon.
European stocks dipped on Friday as traders cashed in on a brisk rally over the past month, fuelled by expectations of fresh stimulus measures by the European Central Bank.
Major Headlines of the day.
Jet Airways announces two special fares for economy class.
Parsvnath plans to raise up to Rs 1,000 cr via debentures.
L&T expects to bag large power plant contracts this fiscal.