Mkts tipped to open lower ahead of IIP, CPI data

Indian Indices:

The key domestic benchmarks are likely to open lower today as investors tread the cautious path ahead of industrial output and inflation data due today. SGX Nifty is trading 7.50 points down.

Indian shares fell for a third consecutive session on Thursday to hit their lowest level in two weeks as three state-run companies, including Oil and Natural Gas Corp, slumped after the government announced it would pare its stakes in them. The BSE Sensex and the CNX Nifty ended 0.23% and 0.10% lower.

On Thursday (September 11, 2014) 30-share Sensex ended down 62 points at 26,996 and the 50-share Nifty ended down 8 points at 8,086.

Global Market:

Asian equity markets traded mixed on the final trading day of the week, following an uninspiring US lead. Trading was relatively muted, with investors likely to avoid making aggressive bets before a key set of Chinese data over the weekend.

U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent sup

European shares closed near a one-week low on Thursday after a report showed U.S. jobless claims rose last week, with mining stocks slipping amid concern about China’s economic growth.

Major Headlines of the day.

Titan opens stainless watch case unit in Coimbatore.

Tata Motors and Microlise team up for fleet telematics in India.

M&M evaluating entry into US markets for Ssangyong unit.

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