Volatile start seen on weak global cues

Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 13.50 points lower.

Headlines for the day:

  • NIIT Tech to provide $ 10 mln towards unbilled revenue in current quarter
  • Dr Reddy’s Laboratories inks pact with Hetero to launch Hepatitis-C drugs
  • Bajaj Auto to launch new variant of Pulsar in next few days

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 13.50 points lower.

Indian shares edged up on Monday, rebounding after falling in the previous three sessions to hit a near 1-1/2 month low as Asian markets gained, but Jindal Steel slumped after the government rejected its bids for three coal mines. The S&P BSE Se nsex and CNX Nifty ended 0.24%-0.23% lower each.

On Monday (March 23, 2015), the 30-share Se nsex ended down 69 points at 28,192 and the 50-share Nifty closed 20 points lower at 8,551

Global Indices:

An index of Asian shares erased its early gains on Tuesday after a measure of Chinese factory activity unexpectedly skidded to an 11-month low.

U.S. stocks edged lower on Monday on the heels of strong gains in the prior week, as investors weighed fluctuations in the dollar and its impact on other markets, including crude prices.

European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits.

SGX Nifty

sgxnifty.org@imediaone.com

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