INDIAN
BENCHMARKS may see a lower opening; RBI Policy eyed
Indian equity benchmarks are likely to open on a soft note on
Thursday as traders stick to a cautious approach ahead of the March quarter
earnings numbers in the coming sessions. SGX Nifty is trading 11.50 points
lower. Indian shares ended slightly higher on Wednesday, rebounding from their
worst fall in nearly two months in the previous session, but broader sentiment
remained cautious as companies gear up to report their quarterly earnings. The
S&P BSE Sensex and CNX Nifty ended 0.07%-0. 15% higher each
Global
Markets:
a. Asian
share markets edged ahead on Thursday after a sharp rise in oil prices whetted
risk appetites and boosted Wall Street, with even Japanese stocks regaining a
little ground despite a rising yen.
b. US
stocks closed with solid gains Wednesday, boosted by soaring oil prices, while
minutes from the Federal Reserve’s latest policy meeting signaled reluctance to
raise rates as early as this month.
c. European
shares rose on Wednesday after steep declines in the previous session, with the
retail sector boosted by a smaller-than-expected fall in profits at Hennes
& Mauritz.
Major
Headlines of the day:
Tata Motors to resize diesel engines to skirt New
Delhi ban.
PNB Housing raises Rs500 cr from IFC to finance Green
Projects.
GVK fails to pay $560 million for mines in Australia.
Tata Steel to launch UK sale process by Monday - UK
minister
Trend in FII flows: The FIIs
were net sellers of Rs -493.56 Cr in the
cash segment on Monday while the DIIs were net buyers of Rs 258.68 Cr, as per the
provisional figures released by the NSE.
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