Cards indicate mixed start on Main Street

Indian shares are likely to open on a slightly positive note as the global cues look mixed. SGX Nifty is trading 28.50 points higher.

Headlines for the day:

  • Biocon completes 10% stake sale in Syngene
  • HUL settles case with Sebi on payment of Rs2.60 lakh
  • Infosys implements IT solutions for US-based L.A. Care Health Plan

Indian Indices:

Indian shares are likely to open on a slightly positive note as the global cues look mixed. SGX Nifty is trading 28.50 points higher.

Indian shares reversed losses to end stronger on Monday on optimism ahead of the retail inflation data due later in the day while sentiment was boosted after European shares gained on increased mergers and acquisition activity in the healthcare sector. The S&P BSE Se nsex and CNX Nifty ended 0.46% higher each.

On Monday (January 12, 2014), the S&P BSE Se nsex ended higher by 127 points at 27,585 and the 50-share Nifty gained 39 points to close at 8,323.

Global Indices:

Asian stocks were mostly firmer after benign Chinese economic data helped offset risk aversion generated by a continuing slide in crude oil prices, while the dollar fell to a one-month low against the safe-haven yen.

U.S. stocks fell for a second straight session on Monday, led by another sharp decline in energy shares as oil prices tumbled about 5 percent and concern grew ahead of corporate earnings season.

European shares ended higher in volatile trade on Monday as slumping oil prices lifted shares of companies that benefit from lower fuel prices, such as airline Lufthansa, helping to offset a fall in energy companies’ shares.

SGX Nifty

sgxnifty.org@imediaone.com

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Discussion on Cards indicate mixed start on Main Street