INDIAN BENCHMARKS Markets set for positive opening; Asian markets open mixed.
The key domestic equity benchmarks are likely to open on a positive note on Monday even amidst a mixed trend in markets across Asia as investors across the globe await further cues over the timing of the next US Federal Reserve interest rate hike.. SGX Nifty is trading 25.50 points higher.
Indian shares fell for a third consecutive session on Friday to post a weekly loss, tracking weak global markets as caution prevailed about the possibility of an interest rate hike by the U.S. Federal Reserve as early as June. The S&P BSE Sensex and CNX Nifty fell 0.39%-0.43% each today.
Asian shares rose on Monday after a solid session on Wall Street, while the dollar moved away from recent highs though remained supported as investors bet that the U.S. Federal Reserve was on track to raise rates sooner rather than later.
US stocks closed higher Friday, with tech stocks leading. The Dow Jones industrial average failed to recover gains for the week after stocks fell amid renewed concerns of a rate hike sooner rather than later.
European stocks closed higher on Friday, as Wall Street rose after falling earlier in the week on renewed concerns the U.S. Federal Reserve would raise interest rates in the near-term..
Major Headlines of the day:
GMR to invest Rs471 cr to set up LNG terminal on east coast
SpiceJet plans to list its securities on NSE
IOB to issue over 90 mn equity shares, raise Rs261 cr
RCom, Aircel merger talks extended again by 30 days
Trend in FII flows: The FIIs were net sellers of Rs -743.86 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 597.49 Cr, as per the provisional figures.