Flat start on cards, Inflation nos in focus

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 0.50 points higher.

Events for the day:

WPI Inflation number to be announced

A Group results for January 14, 2015

Kajaria Ceramics, Bajaj Finance, LIC Housing Finance, NIIT Technologies, Yes Bank, TV18 Broadcast, Network18 Media & Investments, Bajaj Fi nserv

Headlines for the day:

  • Ujjivan Financial Services raises Rs40 crore
  • Novartis India to sell OTC business to GSK Consumer for Rs109 cr
  • Delhi High Court bars Cipla from selling copy of Novartis respiratory drug

Indian Indices:

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 0.50 points higher.

The government will release data on WPI for December 2014 today at 12 noon.

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 Tuesday (January 13, 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:

Concerns about the global economy battered commodities and kept Asian equities subdued on Wednesday, while the euro was pinned near nine-year lows as investors bet the European Central Bank was just a week away from launching a new stimulus campaign.

U.S. stocks ended down slightly in a volatile session on Tuesday, led by a drop in materials and energy shares following further weakness in commodity prices.

Retail shares led European equities higher on Tuesday, with expectations of new economic stimulus measures from the European Central Bank also helping to prop up stock markets.

SGX Nifty

sgxnifty.org@imediaone.com

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