Bearish start seen on global chaos

Indian shares are likely to open on a negative note as the global cues look unsupportive with SGX Nifty trading 86.50 points lower.

Headlines for the day:

  • SpiceJet plane skids at Hubli airport, no one hurt
  • Pipavav to become top defence manufacturer: Anil Ambani
  • TCS to construct 860 toilets for girls in schools by 2015-end
  • Jaypee Cement bags mine in MP, auction on for two more

Indian Indices:

Indian shares are likely to open on a negative note as the global cues look unsupportive with SGX Nifty trading 86.50 points lower.

India’s financial markets remain closed on Friday, March 06, 2015 on account of Holi.

Indian shares edged up on Thursday in a volatile session as consumer and healthcare stocks such as Sun Pharmaceutical Industries rose with investors favouring defensive bets, though losses in telecoms and banks capped gains. The S&P BSE Se nsex and CNX Nifty ended 0.23%-0.17% higher each.

On Thursday (March 05, 2015), the 30-share Se nsex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938

Global Indices:

Asian stocks buckled while the dollar held firm in early Monday trade after strong U.S. jobs data fanned expectations that the U.S. Federal Reserve may raise interest rates sooner than previously thought.

US stocks fell hard Friday as Wall Street feared a strong jobs report is likely to speed up the Federal Reserve’s rate-hike timetable.

European shares reached their highest in more than seven years on Thursday, boosted by encouraging comments from the European Central Bank and by strong results from supermarket Carrefour and fund manager Schroders.

SGX Nifty

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