Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 36.50 points lower.
Headlines for the day:
- HDFC Bank to expand in Andhra, Telangana
- Tata Power acquires stake in Zambian power project
- GMR to buy additional 10% stake in Delhi airport for $ 79 million
Indian Indices:
Indian shares are likely to open on a cautious note as the global cues look muted with SGX Nifty trading 36.50 points lower.
Indian shares fell to its lowest closing level in nearly two and a half months on Wednesday as caution ahead of the expiry of monthly derivatives and the end of the fiscal year hit blue-chips The S&P BSE Se nsex and CNX Nifty ended 0.18%-0.14% lower each.
On Wednesday (March 25, 2015), the 30-share Se nsex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
Global Indices:
Asian share markets were mostly lower on Thursday as tensions in the Middle East and losses on Wall Street soured sentiment, while the dollar’s bull run looked to have stalled for the time being.
U.S. stocks dropped on Wednesday as a slump in technology and biotechs sent the Nasdaq to its biggest decline in nearly a year while the S&P 500 fell through key support levels.
European shares retreated further from 7-1/2-year highs hit last week, led lower by technology stocks that were hit by a sell-off in their U.S. peers.