 "Pre-Market: Positive opening seen on global cues")
Markets are expected to open on a positive note tracking similar trend in the Asian shares.
Caution remains ahead of the Infosys results this Friday that will kick-start the first-quarter earnings season.
At 8:15AM IST, SGX Nifty rose 1.52% at 5,900.
Overnight, US stocks ended mixed after Fed’s comments.
The Dow Jones industrial average dipped 8.68 points, or 0.06 percent, to end at 15,291.66. The Standard & Poor’s 500 Index inched up just 0.30 of a point, or 0.02 percent, to finish at 1,652.62. The Nasdaq Composite Index gained 16.50 points, or 0.47 percent, to close at 3,520.76.
Minutes from the Federal Reserve’s June policy meeting released on Wednesday afternoon showed many officials wanted more reassurance that the labor market was improving before reining in stimulus measures.
Even so, consensus built within the Fed that there probably was the need to begin pulling back soon on its monthly bond buying.
Following stocks are expected to move on the exchanges today:
Trouble seems to be thickening for drug maker Wockhardt Ltd as the company is now barred from making medicines for Europe after its Waluj manufacturing facility in Maharashtra failed to meet the good manufacturing norms prescribed by the UK drug regulator.
Hyderabad-based media firm Deccan Chronicle Holdings Ltd (DCHL) has taken Future Capital and Tata Capital to court after the lenders attached the debt-ridden company’s properties following a loan default, according to court documents.
Caution remains ahead of the Infosys results this Friday that will kick-start the first-quarter earnings season.
At 8:15AM IST, SGX Nifty rose 1.52% at 5,900.
More From This Section
Meanwhile Asian shares traded higher barring Nikkei index. Japan’s Nikkei was down 0.3% to 14,371 in the opening deals.
Overnight, US stocks ended mixed after Fed’s comments.
The Dow Jones industrial average dipped 8.68 points, or 0.06 percent, to end at 15,291.66. The Standard & Poor’s 500 Index inched up just 0.30 of a point, or 0.02 percent, to finish at 1,652.62. The Nasdaq Composite Index gained 16.50 points, or 0.47 percent, to close at 3,520.76.
Minutes from the Federal Reserve’s June policy meeting released on Wednesday afternoon showed many officials wanted more reassurance that the labor market was improving before reining in stimulus measures.
Even so, consensus built within the Fed that there probably was the need to begin pulling back soon on its monthly bond buying.
Following stocks are expected to move on the exchanges today:
Trouble seems to be thickening for drug maker Wockhardt Ltd as the company is now barred from making medicines for Europe after its Waluj manufacturing facility in Maharashtra failed to meet the good manufacturing norms prescribed by the UK drug regulator.
Hyderabad-based media firm Deccan Chronicle Holdings Ltd (DCHL) has taken Future Capital and Tata Capital to court after the lenders attached the debt-ridden company’s properties following a loan default, according to court documents.