Indian Market Flat opening on the cards ahead of Brexit vote
Indian Indices:
Indian equity benchmarks are likely
to open little changed as traders tread a cautious path ahead of the EU
referendum today. SGX Nifty is trading at 2.50 points up.
Indian shares fell today, heading
for their 2nd straight session of falls, a day ahead of the Brexit referendum,
while Tata Motors declined on worries that its unit JLR would be hit if Britain
leaves the European Union. The S&P BSE Sensex and CNX Nifty fell
0.18%-0.20% each.
On Wednesday (June 22, 2016), BSE
SENSEX closed at 26765.65, down by 47.13 points, or by 0.18%, and the NSE Nifty
ended at 8203.70, down by 16.20 points, or by 0.20%.
Global Market:
Asian shares edged up and sterling
stood close to its peak for the year on Thursday, as investors were cautiously
optimistic that British voters would opt to remain in the European Union at a
referendum later in the session.
European shares rose on Wednesday,
but ended off highs as results of a poll rekindled concerns that Britain may
leave the European Union hours before voting in the country's membership
referendum starts.
U.S. stocks finished slightly lower
on Wednesday, as polls showed the outcome of a U.K. referendum on whether to
leave the European Union remained too close to call a day ahead of the vote.
Major Headlines of the day:
·
GAIL
awards Rs 550-cr contracts for 'Urga Ganga' pipeline
·
Ramco
to set up wholly-owned subsidiary in Philippines
·
MTNL
to submit revival plan to DoT by August
Trend in FII flows: The FIIs were net sellers of Rs -41.1 Cr in the cash segment on Wednesday while the DIIs were net buyers of
Rs 361.34 Cr, as per the provisional figures.
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