INDIAN BENCHMARKS
Indian shares are poised to witness a gap up opening on Monday amid optimism among traders ahead of tomorrow’s much anticipated policy decision from the Reserve Bank
of India ( RBI) which is expected to cut interest rates. SGX Nifty is trading 24.50 points higher. Investors will also focus on the March Manufacturing PMI set for
release today and the Services PMI later this week, which will offer further cues over the health of the Indian economy. Indian shares fell on Friday, posting their
first weekly loss in five, as investors braced for yet another weak quarter of earnings and after a torrid session in Asia following tepid Japan business sentiment
data. The S&P BSE Sensex and CNX Nifty ended 0.28%-0.33% lower each.
Global Markets:
• Asian share prices held firm on Monday after solid U.S. payroll data underpinned investor risk sentiment while dovish comments from Federal Reserve Chair Janet Yellen the previous week kept the U.S. dollar in check.
• US stocks ended higher Friday as investors bet that a spate of strong economic data, including the March jobs report, won’t speed up the pace of interest-rate increases by the Federal Reserve.
• European equities tumbled to a one-month low on the first trading day of the quarter on Friday, with energy stocks hit by weaker oil prices while Osram retreated after it was dropped from Apple's top supplier list.
Major Headlines of the day:
• Bajaj Auto to ready a Royal Enfield rival.
• Adani wins nod for Australian coal project.
• India Ratings downgrades Renuka Sugar
Trend in FII flows: The FIIs were net sellers of Rs -214.01 Cr in the cash segment on Friday while the DIIs were net buyers of Rs -519.91 Cr, as per the provisional figures released by the NSE.
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