Mkts tipped to open lower on bearish Asia trend

Indian Indices:

The key domestic benchmarks may open on a negative note today tracking a bearish trend in stock markets across Asia. SGX Nifty is trading 56 points lower.

Markets may witness volatility in this week the expiry of the September futures and options (F&O) contracts on this Thursday.

India’s Nifty closed with gains for third day in a row, hitting the highest in 1-1/2 weeks, as cash-rich exporters like TCS surged on hopes of being better placed to weather any Fed-related volatility.

On Friday (September 19, 2014) Sensex fell 21.79 points to 27090.42 while the Nifty gained 6.70 points at 8121.45.

Global Market:

Asian shares skidded on Monday as investors awaited data this week that could provide more evidence of a slowdown in China, while the dollar gave back a little of its recent gains.

U.S. stocks closed little changed on Friday after Alibaba’s strong debut was offset by falling technology shares as Oracle and Yahoo stumbled, but the Dow managed to edge higher to set a record for a second straight session.

The FTSEurofirst 300 index touched its highest level in more than six years on Friday after Scotland voted against independence, but trimmed gains in late trading on profit taking and on speculation about a downgrade of France.

Major Headlines of the day.

ONGC to commission Dahej petrochem plant by June 2015.

RCF looks for partner to build fertiliser plant in Iran.

Parsvnath sells 140 acres of land to Supertech for Rs665 cr.

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