INDIAN
BENCHMARKS
Indian markets are likely to open little changed on Thursday
amidst a mixed trend across stocks in Asia and ahead of the March derivative
expiry, sapping risk taking appetite. SGX Nifty is trading 12.50 points lower.
Indian markets rose today and posted their biggest single-day percentage rise
in about a month, tracking gains throughout Asia after US Federal Reserve Chair
Janet Yellen called for caution when raising interest rates. The S&P BSE
Sensex and CNX Nifty ended 1.76%-1.82% higher each.On Wednesday (March 30,
2016), Snapping two-day losing streak, the BSE SENSEX closed at 25338.58, up by
438.12 points, or by 1.76%, and the NSE Nifty ended at 7735.2, up by 138.2
points, or by 1.82%.
Global
Markets:
Asian shares edged up to a four-month high on Thursday, taking cues from
Wall Street gains overnight, as receding worries of near-term U.S. interest
rate hikes continued to buoy risk sentiment.
U.S. stocks closed up for a third session in a row Wednesday following
dovish comments from Federal Reserve Chairwoman Janet Yellen, helping the Dow
Jones Industrial Average set a record for the most up days in a month in six
years.
European shares rose on Wednesday after Federal Reserve Chair Janet
Yellen called for caution in raising U.S. interest rates, while German retailer
Metro surged on demerger plans.
Major
Headlines of the day:
·Reliance
Capital completes 23% stake sale in life insurance venture.
·Adani
Group enters defence sector with statement of intent.
·Kansai
Nerolac sells Chennai land to SPV floated by Brigade & GIC Singapore .
Trend in FII flows: The FIIs
were net sellers of Rs -1442.47 Cr in the
cash segment on Wednesday while the DIIs were net buyers of Rs 396.90 Cr, as per the
provisional figures released by the NSE.
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