Markets may remain cautious at start

Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 11.50 points higher.

Headlines for the day:

  • Bharti Airtel partners Amazon for cloud services
  • UCO Bank chief calls for data mining to manage NPAs
  • Tata Motors to buy back NCDs

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 11.50 points higher.

Indian shares fell on Friday for a third co nsecutive session to a near 1-1/2 month closing low as blue-chips such as ICICI Bank declined on worries that stocks have gone ahead of underlying anaemic earnings growth. The S&P BSE Se nsex and CNX Nifty ended 0.73%-0.74% lower each.

On Friday (March 20, 2015), the 30-share Se nsex ended down 208 points at 28,261 and the 50-share Nifty closed 64 points lower at 8,571.

Global Indices:

Asian shares started the week on a strong note on Monday after a weaker U.S. dollar helped fuel solid gains on Wall Street.

U.S. stocks rose on Friday, pushing the Nasdaq to a 15-year high and helping the S&P 500 snap a three-week string of losses, following a pullback in the dollar, upbeat results from Nike and further biotech gains.

European stocks rallied on Friday, with euro zone shares easily outperforming again as global investors bet that a weaker euro would boost the region’s economy and corporate earnings.

SGX Nifty

sgxnifty.org@imediaone.com

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