Indian Indices:
Indian markets may witness a slight gap up opening on Friday tracking a rally across markets in Asia and a record finish at Wall Street overnight, but caution ahead of key economic data may weigh on risk taking appetite at Dalal Street. SGX Nifty is trading 10.50 points high.
Shares of Central Bank of India, Cipla, Dena Bank, Hindalco Industries, Jet Airways, Bank of Maharashtra and Oriental Bank of Commerce will be in focus as they reveal their April-June quarter report cards.
Indian shares closed slightly higher on Thursday after posting their worst fall in nearly seven weeks in the previous session, as continued heavy buying by foreign investors helped lift blue chips such as ITC even though overall sentiment remained cautious. The S&P BSE Sensex and CNX Nifty rose 0.31%-0.20% each.
Global Market:
Asian stocks rose slightly in early Friday trade, taking a cue from Wall Street's records overnight, before switching focus to a run of economic indicators from China.
The three main stock-market indexes rang up record highs Thursday as better-than-expected economic data and a rebound in oil prices boosted Wall Street sentiment.
European shares hit a two-month closing high on Thursday, with companies such as scents and flavours maker Symrise and consumer group Henkel hitting record highs after strong results and encouraging updates.
Major Headlines of the day:
SpiceJet to add 3 planes, new flights to northeast
Rane Engine Valve sells land for Rs 95 crore
Aditya Birla Nuvo to merge with Grasim
Trend in FII flows:The FIIs were net buyers of Rs 608.35 Cr in the cash segment on Thursday while the DIIs were net sellers of Rs –621.65 Cr, as per the provisional figures.
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