Bulls plan to stay for weekend on D Street

Indian shares are likely to open on a positive note as the global cues look supportive. SGX Nifty is trading 57.50 points higher.

Headlines for the day:

  • Moody’s upgrades Tata Steel to Ba1, confirms Tata Steel UK at B2
  • Sobha’s Q3 sales bookings fall 15% to Rs 427 crore
  • Mahindra to launch Mojo by early next financial year

Indian Indices:

Indian shares are likely to open on a positive note as the global cues look supportive. SGX Nifty is trading 57.50 points higher.

Indian shares rose over 1% on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank on value buying. The S&P BSE Se nsex and CNX Nifty ended 1.36%-1.64% higher each.

On Thursday (January 08, 2014), the S&P BSE Se nsex ended up 366 points at 27,275 and the 50-share Nifty ended up 133 points at 8,235.

Global Indices:

Asian stocks gained on Friday on upbeat expectations for the closely-watched U.S. jobs data while the euro continued to probe fresh nine-year lows against the dollar.

U.S. stocks rallied for a second day on Thursday, boosted by expectations the U.S. economy will continue to improve and by hopes for more aggressive action from the European Central Bank.

European shares rose on Thursday as a strong Christmas update from Britain’s Tesco boosted retailers and Federal Reserve minutes showed the U.S. central bank was not in a hurry to start raising interest rates.

SGX Nifty

sgxnifty.org@imediaone.com

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