Markets to open lower on weak Asia trend

Indian Indices:

The key domestic benchmarks are likely to open lower today tracking a mostly bearish trend in Asian markets. SGX Nifty is trading 5.50 points lower.

The markets may continue to see volatility during the session as traders roll over their positions before the September F&O contract expiry tomorrow.

Indian shares posted their biggest single-day fall in two-and-a-half months as blue-chips such as ICICI Bank tracked weaker global stocks on disappointment over European manufacturing data and concerns about an unemployment measure in a survey in China.

On Tuesday (September 23, 2014) Sensex fell 431.05 points to 26775.69 while the Nifty dipped 128.75 points at 8017.55.

Global Market:

Asian stocks slipped on Wednesday as U.S.-led air strikes in Syria curbed appetite for risky assets, while the dollar was kept in check after U.S. yields fell on geopolitical woes and dovish statements by a Federal Reserve official.

U.S. stocks fell on Tuesday, with consumer staples leading the S&P 500 down to its third straight daily loss, as investors grew concerned about the pace of global economic growth.

European shares fell for a second day on Tuesday, after data showed a contraction in French business activity and slower growth in German manufacturing this month.

Major Headlines of the day.

Tech Mahindra to manage IT operations for Ahlstrom.

IDFC appoints a new chief digital and data officer.

HMT submits voluntary retirement scheme to govt.

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