Bulls may ring the morning bell

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.

SGX Nifty

sgxnifty.org@imediaone.com

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