Bulls to continue marching towards North

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 27.50 points higher.

Results on January 20, 2015

Kotak Mahindra Bank, South Indian Bank, Rallis India

Headlines for the day:

  • Force Motors eyes to sell 23,000 vehicles this fiscal
  • Blue Star Q3 consolidated net up 34%
  • Zensar Technologies Q3 net up 37% annually

Indian Indices:

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 27.50 points higher.

India’s NSE index rose for a third consecutive session on Monday to mark its highest level in nearly 1-1/2 months as Wipro surged on strong earnings while lenders gained on continued optimism the central bank’s surprise rate cut last week would revive credit growth. The S&P BSE Sensex and CNX Nifty ended 0.50% and 0.43% higher each.

On Monday (January 19, 2014), the S&P BSE Sensex ended up 140 points at 28,262 and the 50-share Nifty ended up 37 points at 8,551.

Global Indices:

The International Monetary Fund lowered its forecast for global economic growth in 2015, and called on Tuesday for governments and central banks to pursue accommodative monetary policies and structural reforms to support growth.

Asian markets rallied in relief on Tuesday after China reported its economy had not slowed as far as many had feared, a rare glint of brightness amid gloom over the global outlook.

European shares hit a seven-year high on Monday, rising for a third day as Italian banks rallied on the prospect of a corporate governance revamp, and Swiss stocks clawed back some of last week’s losses.

SGX Nifty

sgxnifty.org@privydomain.com

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