Indices signal positive start on firm global cues

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 33.50 points higher.

Results on January 22, 2015

Biocon, Supreme Industries, Prestige Estates, Polaris Consulting & Services, Dish TV, Muthoot Finance, Cairn India

Headlines for the day:

  • RIL hits overseas debt market with a $ 1 billion issue

  • CMS wins SBI deal worth Rs255 cr to deploy 2,300 cash recyclers

  • TCS to extend its research scholarship programme for five years

Indian Indices:

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 33.50 points higher.

India invited bids from bankers on Wednesday to manage the sale of a 10% stake in iron ore miner NMDC, trying to revive a $ 10 billion asset sale programme and narrow the country’s fiscal deficit to a seven-year low.

Indian shares edged higher, hitting a record high for the second co nsecutive day and gaining for the fifth straight session, as blue-chips rose on hopes of additional monetary policy easing, while strong regional markets also helped. The S&P BSE Se nsex and CNX Nifty ended 0.36% and 0.39% higher each.

On Wednesday (January 21, 2014), the S&P BSE Se nsex ended at a fresh record closing high of 28,889 after hitting a record high of 28,958.10 and the 50-share Nifty ended at a fresh record closing high of 8,730 after touching a life time high of 8,741.85.

Global Indices:

Asian shares rose to near eight-week highs on Thursday as investors bet the European Central Bank will unveil a bond-buying stimulus programme later in the day in an attempt to revive the flagging euro zone economy.

U.S. stocks edged up in a choppy Wednesday session as traders digested reports that new stimulus would be announced by the European Central Bank at its Thursday meeting, while declines in IBM limited gains.

European shares rose for a fifth straight day to close at a seven-year high on Wednesday as speculation mounted about the size and timing of a sovereign bond-buying programme expected to be unveiled by the European Central Bank.