Negative global cues may continue to bring worries

Indian shares are likely to open on a cautious note as the global cues look mixed. SGX Nifty is trading 4.50 points lower.

Headlines for the day:

  • Aurobindo gets final USFDA nod for launch of hypertension drug
  • PepsiCo gets CCI nod for selling bottling plants to franchisee
  • AEGON Religare Life launches two online plans

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look mixed. SGX Nifty is trading 4.50 points lower.

Indian shares fell over 3% on Tuesday, marking its biggest daily loss since the rupee crisis in 2013 as emerging markets tumbled, while safe-haven assets such as U.S. Treasuries surged. The S&P BSE Se nsex and CNX Nifty ended 3.07%-3.00% lower each.

On Tuesday (January 06, 2014), the S&P BSE Se nsex ended down 854.86 points or 3.1% at 26,987.46 and the 50-share Nifty ended down 251.05 points or 3% at 8,127.35.

Global Indices:

Asian share markets slipped while the euro hit a nine-year trough on Wednesday as collapsing oil prices and worries about the world economy drove skittish investors into the arms of safe havens such as the yen and sovereign debt.

U.S. stocks ended lower for a fifth session on Tuesday as data showed slower growth in the U.S. service sector and oil prices fell further.

European shares surrendered to a late selloff on Tuesday to end a choppy session lower as a renewed slide in crude prices and worries about Greece’s Jan. 25 election unnerved investors.

SGX Nifty

sgxnifty.org@imediaone.com

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