Flat opening is likely for the domestic equity market indices today tracking muted cues fromNifty futures
on the Singapore Stock Exchange and mixed trend across the Asian markets.muted trend in the SGX Nifty
Index Futures for April delivery, which was trading at 10,280, up 4 points, or 0.04 per cent, at 11:00 AM
Singapore time, also signaled a flat start for local bourses. The markets are likely to be cautious as the
six-member Monetary Policy Committee (MPC), led by RBI governor Urjit Patel, to begin its two day
monetary policy review today. The central bank is widely expected to keep interest rates unchanged.
Major Asian markets are trading mixed at present Nikkei is down 0.09%, Hang Seng is up 0.22% while Shanghai Composite is trading 0.31% higher.
US Markets: Stocks regained ground in yesterday’s session, rising noticeably in the final hour of trade. The Dow surged 1.7% to 24,033.36, the Nasdaq jumped 1% to 6,941.28 and the S&P 500 closed 1.3% higher at 2,614.45. Bargain hunting contributed to the rally on Wall Street, with traders picking up stocks at reduced levels after the sharp correction witnessed on Monday.
European ended in the red yesterday with the FTSE closing 0.37% lower, CAC ended down 0.29%, while the DAX ended 0.79% lower.
Major Headlines of the day:
Jet Airways said it has entered into an agreement with Boeing for buying 75 B¬737 Max aircraft, as it looks
to strengthen presence in the fast growing domestic aviation market.
Tata Communications said it will deploy 5,000 smart gas metres for natural gas distribution company
Mahanagar Gas Limited in Mumbai.
Trend in FII flows:The FIIs were Net Value of Rs -376.51 the cash segment Tuesday while the DIIs were Net Value of Rs 479.18 as per the provisional figures.