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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