Flat opening on the cards

Indian Indices:

The key domestic benchmarks are expected to open on flat note today tracking a subdued trend in Asian market as Wall Street ended lower on Friday. SGX Nifty is trading 18.50 points lower.

IT stocks will remain in focus as IT bell weather Infosys on Friday reported better than expected Q3 earnings numbers.

Indian shares edged higher on Friday, heading for a second consecutive session of gains, led by software services exporter, Infosys Ltd, which surged 6 percent after its December-quarter earnings beat estimates. The S&P BSE Sensex and CNX Nifty ended 0.67%-0.61% higher each.

On (Friday 09, 2015) Sensex ended up 184 points at 27,458 while Nifty ended up 50 points at 8,284.50.

Global Markets:

Asian markets were trading on a subdued note on Monday morning as oil prices continued to decline and investors digested Friday’s mixed US jobs report.

US stocks edged lower on Friday, after a two-day rally in equities put the S&P 500 back in positive territory for the new year as investors assessed a stronger-than-expected monthly payrolls report.

European shares posted a loss in the first full trading week of 2015, weighed down by a slide in banks, led by Spain’s Santander after its capital increase, and oil companies.

Major Headlines of the day

Reliance announces Rs1 lakh cr investment in 12-18 months.

Nitin Fire Protection to enter Russian market.

Insecticides India eyes 20% turnover from exports in 2-3 yrs.

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