Mkts tipped to open higher on Asian trend

Indian Indices:

The key domestic benchmarks may witness a positive opening today tracking a bullish trend in major Asian markets. SGX Nifty is trading 4.50 points down.

Indices may continue to witness some profit booking at existing levels after surging to record highs in recent weeks, curbing gains. Caution ahead of the IIP and CPI data due tomorrow (September 12, 2014) may also weigh on Dalal Street.

Indian shares fell for a second consecutive session on Wednesday, retreating from record highs hit early this week, as worries that the Federal Reserve would raise interest rates sooner than expected hit blue-chips such as Infosys. The BSE Sensex and the CNX Nifty ended 0.7% lower.

On Wednesday (September 10, 2014) 30-share Sensex ended down by 207.91 points at 27057.41 and the 50-share Nifty slipped 58.85 points to close at 8094.10.

Global Market:

Asian shares edged down on Thursday after U.S. President Barack Obama vowed to fight Islamic State militants, while the dollar pulled away from six-year highs against the yen.

A rebound in Apple shares helped push U.S. stocks higher on Wednesday for the first session in three, while the energy sector lagged as crude prices fell.

European stocks ended flat on Wednesday, as worries over Scotland’s vote on independence and growing expectations of a more hawkish stance from the U.S. Federal Reserve kept investors on edge.

Major Headlines of the day.

Indian Hotels walks out of Morocco luxury hotel.

Govt clears 10% stake sale in CIL, may get Rs23,000 cr.

Bajaj Finance to set up housing finance subsidiary.

NTPC Board clears over Rs10,000 cr investment.

ICICI Bank launches cashless card withdrawal services.

SGX Nifty

sgxnifty.org@imediaone.com

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