18/07/2014 08:58
Tracking mixed cues from Asian peers, the domestic equity market is likely to open on weak on Friday. Even, Nifty India stock futures in Singapore were trading in negative terrain, signaling a flat to lower opening for the domestic bourses. On the global front, Asian peers were trading lower as investors took some breathe after recent strong rally. In overnight trading, Wall Street ended lower on news that a Malaysian Airlines passenger jet crashed near the Ukraine-Russia border. Back home, investors will keep an eye on stocks of India's largest software exporter TCS which has posted better-than-expected earnings for first quarter ended June.
On Thursday, he key domestic benchmark indices ended on a flat note with positive bias after a choppy session of trade during the day as investors remained cautious and booked profits at higher levels. Losses in financials and oil and gas shares capped gains. On the global front, Asian equities dipped on Thursday, giving up earlier modest gains as Chinese shares fell, while the euro probed recent lows against the dollar amid speculation the U.S. Federal Reserve was tilting towards tighter monetary policy.
