Indices signal volatile start on Dalal Street

Indian shares are likely to open on a cautious note as the global cues look slightly supportive with SGX Nifty trading 12.50 points higher.

Headlines for the day:

  • Maruti launches refreshed Dzire with enhanced fuel economy

  • Zee Media gets Sebi’s nod for Rs200 cr rights issue

  • Edelweiss NBFC arm’s Rs800-cr NCD issue to open on Feb 26

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look slightly supportive with SGX Nifty trading 12.50 points higher.

Indian shares fell for the second straight session on Monday, dragged down by heavyweights such as Reliance Industries and financial stocks, as caution prevailed ahead of the federal budget due on Feb 28. The S&P BSE Se nsex and CNX Nifty ended 0.88%-0.89% lower each.

On Monday (February 23, 2014), the S&P BSE Se nsex ended 256 points lower at 28,975 whereas the 50-share Nifty lost 79 points to close at 8,755.

Global Indices:

Caution gripped Asian markets on Tuesday as investors fretted over what Federal Reserve Chair Janet Yellen might say later in the day on the likely lift-off date for U.S. policy tightening

The Nasdaq ended higher on Monday for a ninth straight day following gains in Apple.O, while the Dow and S&P 500 eased off recent record highs as lower oil prices dragged down energy shares.

European shares closed at a new seven-year high on Monday, boosted by a deal late on Friday to extend Greece’s financial rescue package.