Pre Session- Sensex set for bullish opening on US-India
deals
27/01/2015
27/01/2015
The key domestic benchmarks are tipped to open on a stronger note today after the US and India struck an agreement that may help spur nuclear projects in India while the former pledged measures to generate over USD 4 billion of trade and investment between two of the world’s biggest democracies. Indian Prime Minister Narendra Modi and his US counterpart Barack Obama said that they may ease norms for American companies to do business in India. The two leaders made a progress on a deal on civilian nuclear projects while the US said that it will invest USD 160 billion for a solar energy program in India where 400 million people lack access to electricity. Meanwhile, Asian stocks were trading mixed as investors eyed events in Greece where the anti-austerity Syriza Party won Sunday’s mandate. European finance ministers have said that they are willing to work with Greece’s new government as long as the government doesn’t request a debt writedown and force the country out of the euro. China’s Shanghai Composite and Hang Seng fell as a drop in industrial profits signaled fears over a slowdown in the world’s second biggest economy. Industrial profits fell 8 per cent, year on year in December 2014. However, Japan’s Nikkei 225 rose as a weaker yen bolstered the appeal of exporter stocks. Back home, shares of Indian car maker Maruti Suzuki will be in focus today as it unveils its December quarter earnings numbers.
