Indian stocks may open gap down on weak Global cues
Indian Indices:
Indian equity benchmarks are likely
to witness a bearish opening on Thursday tracking weak cues from fellow Asian
peers and a listless finish at Wall Street overnight. SGX Nifty is trading
23.50 points down.
As traders across the globe stayed
on the sidelines ahead of the OPEC policy meet and the US jobs report which may
offer further clues over the timing of the next Fed interest rate hike, curbing
risk taking appetite
Indian shares rose to their
strongest level since late October on Wednesday as firms reliant on consumer
demand, such as cigarette maker ITC, advanced on data showing the economy grew
faster than expected in the March quarter. The S&P BSE Sensex and CNX Nifty
rose 0.17%-0.24% each.
Global Markets:
Asian shares were steady on Thursday
as Wall Street eked out modest gains after the latest batch of U.S. data provided
few clues on when the Federal Reserve might raise rates, while a resurgent yen
pressured equity markets in Japan.
US stocks eked out a gain Wednesday
as investors focused on the positive aspects of the latest batch of data that
showed the U.S. economy plodding along.
European shares fell on Wednesday,
hit by a drop in commodity stocks and banks, while the travel sector came under
pressure after the United States issued a travel alert over the possibility of
attacks in Europe this summer.
Major Headlines of the day:
· Tata Steel completes sale of long products
segment to Greybull.
· Airfare may not rise on aviation fuel hike.
· Mahindra launches new compact SUV in South
Africa.
Trend in FII flows: The FIIs
were net buyers of Rs 259.9 Cr in the cash segment on Wednesday while the DIIs were net
sellers of Rs -160.49 Cr, as per the provisional figures.
Get real time advice for Intraday Trading Tips , Share Market Live , Intraday Equity Tips , Stock Trading tips , Free Intraday Tips , Best Accurate Stock Tips , NSE Stock market Tips , and all Maket Updates .
0 comments:
Post a Comment