The key domestic benchmarks may open on a flat note today tracking a mixed trend in Asian markets. SGX Nifty is trading 15.00 points down.
Market may witness some volatility ahead of the expiry of the September futures and options (F&O) contracts on Thursday
Indian shares rose modestly on Monday to notch their fourth consecutive session of gains, led by blue-chips that have under-performed recently, such as Tata Motors and Oil and Natural Gas Corp, although the mood was broadly cautious. The BSE Sensex and the CNX Nifty ended 0.43% and 0.31% higher.
On Monday (September 22, 2014) Sensex fell 21.79 points to 27090.42 while the Nifty gained 6.70 points at 8121.45.
Asian shares were trading mixed on Tuesday after encouraging manufacturing data from China.
European shares fell on Monday, with a benchmark index retreating from the previous session’s near-seven-year high, as concern over the pace of growth in China knocked down mining heavyweights such as Rio Tinto and BHP Billiton.
US markets ended sharply lower on Monday investors trimmed positions amid weaker than expected housing data which raised worries over growth in the economy.
Major Headlines of the day.
IFCI to partially offload stake in Tourism Finance Corp.
GMR signs agreement with Nepal for 900 Mw project.
GMR Infra seeks Sebi nod for Rs 1,500 cr rights issue.