Global cues give red signal to domestic charts

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 73.00 points lower.

Headlines for the day:

  • GSFC Q2 net profit up 23%
  • GMDC acquires 100 hectares of land for alumina plant in Kutch
  • Tata in talks to sell UK steel plants to Swiss group Klesch

Indian Indices:

Indian shares are likely to open on a negative note, tracking weak global markets. SGX Nifty is trading 73.00 points lower.

Indian markets were closed on Wednesday due to assembly elections in the western Maharashtra state.

Indian shares edged down on Tuesday as DLF plunged after the market regulator banned it from tapping capital markets, although broader losses were capped as Reliance Industries gained after better-than-expected earnings and lenders rose on easing inflation. The BSE Se nsex and the CNX Nifty ended 0.13%-0.26% lower.

On Tuesday (October 14, 2014), the S&P BSE Se nsex ended down 35 points at 26,349 and the 50-share Nifty ended down 20 points at 7,864.

Global Indices:

Asia extended a selloff in global equities on Thursday, as heightened concerns about world economic growth sent Japanese stocks tumbling and U.S. Treasury yields down.

U.S. stocks fell on Wednesday on continued worries about weak global demand, but managed to close well above session lows that briefly pushed the S&P 500 and Nasdaq into negative territory for the year.

A sell-off in European stocks accelerated on Wednesday, with a key index suffering its biggest one-day slide in nearly three years as investors slashed exposure to risky assets on mounting worries about global growth.

SGX Nifty

sgxnifty.org@imediaone.com

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