Indian Indices:
Indian equity benchmarks are likely to bell the day on positive note on Thursday, tracking firm cues from Asian peers after US markets ended robust in overnight trade on hopes that the European Central Bank would continue its asset buying campaign at a policy meeting later in the session.
Bullish trend in the SGX Nifty Index Futures for December delivery which were trading at 8212.5, up by 70 points or 0.86 per cent, at 10:50 AM Singapore time, signals a positive start for Sensex.
The investors will keep an eye on Chinese trade data and European Central Bank's policy review which will be announced later in the day.
The 30-share benchmark index closed trade at 26236.87, down by 155.89 points or by 0.59 per cent, and the NSE Nifty ended at 8102.05, down by 41.1 points or by 0.5 per cent.
Global Market:
Asian shares hopped higher on Thursday after Wall Street strode to new records and bonds rallied on wagers the European Central Bank would extend its asset buying campaign at a policy meeting later in the session.
China’s Shanghai Composite Index was up ahead of trade data, while Hang Seng and Nikkei Stock Average 225 rose 0.8 per cent each.
European shares the euro held firm near a three-week high versus the dollar on Thursday, as investors turned their attention to the European Central Bank's policy meeting later in the day.
Major Headlines of the day:
Essel Infra in talks to buy subsidiary of IVRCL, Hindustan Dorr-Oliver.
Cipla gets USFDA approval for generic Entecavir tablets.
Jet Airways seeks to raise $300 mn for fund expansion on international routes.
Trend in FII flows: The FIIs were net buyers of Rs 193.66 Cr in the cash segment on Wednesday while the DIIs were net sellers of Rs -56.28 Cr, as per the provisional figures.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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