Positive start likely on the cards

Indian shares are likely to open on a slightly higher note as the global cues look supportive with SGX Nifty trading 18 points higher.

Headlines for the day:

  • HDFC Standard Life to sell 10% via IPO to raise Rs2400 crore
  • Fortis Healthcare finalises sale of its Singapore Hospital
  • Strides Arcolab launches Hepatitis-C drug sofosbuvir in India

Indian Indices:

Indian shares are likely to open on a slightly higher note as the global cues look supportive with SGX Nifty trading 18 points higher.

Indian shares closed little changed after a volatile session on Friday, posting their third co nsecutive weekly loss on concerns about rising tensions in the Middle East. The S&P BSE Se nsex rose 0.10% and CNX Nifty ended 0.01% lower today.

On Friday (March 27, 2015), the 30-share Se nsex ended up 1 point at 27,459 and the 50-share Nifty ended down 1 point at 8,341.

Global Indices:

Asian stock markets were subdued on Monday in a week book-ended with Easter holidays across the globe and a U.S. jobs report that could affect the timing of the first hike in interest rates there.

U.S. stocks rose modestly on Friday after late news of merger talks in the semiconductor space boosted the technology sector and helped major indexes snap a four-day losing streak.

A top index of pan-European shares was set for its biggest weekly drop of the year on Friday, although it snapped a sharp two-day losing streak following a surge in Danish pharmaceuticals firm Novo Nordisk.

SGX Nifty

sgxnifty.org@imediaone.com

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