Indian Indices:
Indian markets are likely to witness a slightly negative opening tracking mixed cues from markets across Asia and a bearish finish at Wall Street. SGX Nifty is trading 3.50 points higher.
All eyes will be on the Q1 GDP data set for release today which may show that growth in the Indian economy may have slowed to 7.6 per cent in the June 2016 quarter from 7.9 per cent in Q4 FY 2015-16.
The NSE Nifty ended higher on Tuesday after earlier hitting its highest in 16 months as positive earnings results including from DLF lifted sentiment. The S&P BSE Sensex and CNX Nifty gained 1.58%-1.59% each.
On Tuesday (August 30, 2016), BSE SENSEX closed at 28343.01, up by 440.35 points or by 1.58%, and the NSE Nifty ended at 8744.35, gained by 136.90 points or by 1.59%.
Global Market:
Asian shares eased on Wednesday following modest losses on Wall Street, but were still on track for a monthly rise as investors waited to see if upcoming job data could prod the Federal Reserve into raising interest rates as soon as September.
US stocks slipped Tuesday, as the dollar strengthened on expectations that the Federal Reserve was moving closer to raising interest rates.
European shares fell on Monday as top Federal Reserve officials bolstered expectations for a US rate hike this year, while Alstom bucked the weaker trend after a contract win.
Major Headlines of the day:
DLF close to 40% stake sale in rental assets arm
ITC bucks trend, builds own hotels
Reliance AGM to focus on Jio's road map
Trend in FII flows:The FIIs were net buyers of Rs 390.63 Cr in the cash segment on Tuesday while the DIIs were net buyers of Rs 485.14 Cr, as per the provisional figures.
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