Flat opening on Dalal Street; WPI eyed
Indian markets are poised to open little changed on Thursday amidst a mixed trend in markets across Asia, and caution ahead of the June WPI inflation data and the start of the Q1 corporate earnings season with IT major TCS set to unveil its April-June 2016-17 quarter financial report card today. SGX Nifty is trading at 3.00 points up.
The NSE Nifty came off an 11-month high on Wednesday and was headed for its first fall in three sessions as investors booked profits ahead of quarterly results. The S&P BSE Sensex up 7.04% and CNX Nifty down 1.55%
On Wednesday (July 13, 2016), the broader NSE Nifty ended down by 0.03% at 27815.18, while the benchmark BSE Sensex closed 0.03% up at 27815.15.
Asian shares held near eight-month high on Thursday as investors bet the Bank of England will cut rates in a pre-emptive strike to ward off a recession following the country's decision to leave the European Union.
European stocks gained ground on Wednesday to leave a benchmark regional index near its highest level in more than two weeks, with shares in Spanish banks and AccorHotels outperforming.
The S&P 500 and Dow industrials scored meager gains Wednesday, but enough to extend their run into record territory and advance for a fourth session in a row.
Major Headlines of the day:
• Network18 posts net loss of Rs49 cr in Q1.
• Nalco bags Pottangi mines.
• Jet Airways to operate Boeing 777 on Mumbai-Singapore route
• Network18 Media Investments Q1 net loss at Rs50 cr
Trend in FII flows: The FIIs were net buyers of Rs 290.53 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs -654.73 Cr, as per the provisional figures.