Markets are likely to cautious as global shares were mixed in Asia and US. Wall Street rebounded from two days of sharp losses on Wednesday after the Federal Reserve said it is prepared to do more for the economy if conditions warrant. Th Dow added 1.5% to 11,836. S&P 500 was up 1.6% at 1,238.
Meanwhile in Asia, shares plummeted as fears that Europe's debt crisis could unleash financial chaos prompted investors to continue shedding riskier assets in favour of the relative safety of the dollar. The Hang Seng dropped 2.5% to 19,231. Nikkei slipped 2.2% to 8,640. The SGX Nifty is pointing to a soft opening as it is trading down 45 points at 5,229.
Back home on Wednesday, the Sensex ended with a marginal loss of 16 points at 17,465. The NSE Nifty was virtually unchanged at 5,258.
SKS Microfinance, TVS Motors, Arvind Ltd and OMCs are likely to be in focus today. SKS Microfinance plans to raise 900 crore via share sale. Meanwhile, Arvind Ltd has divested its entire 40 per cent stake in its joint venture with V-F Mauritius for 257 crore.
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