Positive opening likely on Dalal Street

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 38.50 points higher.

Results on January 27, 2015

Maruti Suzuki, Union Bank of India, Idea Cellular, Godrej Properties, Titan Company, Karnataka Bank, Amara Raja, GSFC.

Headlines for the day:

  • Prestige Estates Q3 net up 23% to Rs99 crore
  • Mahindra to expand renewables business amid govt’s clean energy push
  • Tata Motors to launch electric Ace next financial year

Indian Indices:

Indian shares are likely to open on a positive note as the global cues look slightly supportive with SGX Nifty trading 38.50 points higher.

Indian shares rose to a record high for a fourth co nsecutive session on Friday as blue chips such as Larsen & Toubro advanced on hopes of additional foreign investments after the European Central Bank launched a landmark bond-buying stimulus programme. The S&P BSE Se nsex and CNX Nifty ended 0.94% and 0.85% higher each.

On Friday (January 23, 2014), the S&P BSE Se nsex gained 273 points to end above 29,000 at 29,279 after hitting a fresh record high of 29,408.73 while the 50-share Nifty gained 74 points to close at 8,836 after touching a record high of 8,866.40.

Global Indices:

Asian share markets were mostly firmer on Tuesday and the euro clung to rare gains, relieved that European equities had weathered Greece’s election outcome without much disruption.

U.S. stocks fell modestly on Friday, pressured by some disappointing results from major multinational companies, which offset optimism triggered by the European Central Bank’s recent decision to buy bonds and boost euro zone growth.

Greek stocks fell in volatile trade on Monday after anti-austerity party Syriza swept to victory in Sunday’s election, while other European equities kept rising on the promise of European Central Bank bond-buying.

SGX Nifty

sgxnifty.org@imediaone.com

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