Indian shares are likely to open on a slightly higher note as the global cues look supportive with SGX Nifty trading 11 points higher.
Headlines for the day:
- Birla raises stake in Century Textile
- Ashok Leyland divests entire stake in Czech arm Avia
- EID Parry sells Alagawadi Bireshwar Sugars for Rs1.7 crore
Indian Indices:
Indian shares are likely to open on a slightly higher note as the global cues look supportive with SGX Nifty trading 11 points higher.
India’s NSE index rose more than 1 percent on Monday, on track to snap its eight-session losing streak, on value buying in blue chips such as Housing Development Finance Corporation, while strength in Asian shares also helped. The S&P BSE Sensex and CNX Nifty ended 1.8% higher each.
On Monday (March 30, 2015), the 30-share Sensex ended 517 points higher at 27,976 and the 50-share Nifty closed 151 points higher at 8,492.
Global Indices:
Asian stocks rose across the board on Tuesday after a rally on Wall Street and steps by China to shore up its economy boosted risk appetite, while Greek debt worries again haunted the sagging euro.
U.S. stocks climbed more than 1 percent on Monday, rebounding from a sharp decline last week, helped by deal activity in healthcare and a bounce in energy shares.
European stocks rose on Monday, bouncing back from last week’s losses with tech shares rallying after merger talks in the industry spurred rallies in the sector.