Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 2 points at the opening bell.
Indian stocks may remain volatile today, 28 May 2015, as traders roll over positions in the futures & options (F&O) segment from the near month May 2015 series to June 2015 series. The near month May 2015 F&O contracts expire today, 28 May 2015.
Foreign portfolio investors sold shares worth a net Rs 934.98 crore yesterday, 27 May 2015, as per provisional data. Domestic institutional investors (DIIs) bought shares worth a net Rs 594.03 crore yesterday, 27 May 2015, as per provisional data released by the stock exchanges.
In overseas markets, Asian stocks were mixed today, 28 May 2015. US stocks closed higher yesterday, 27 May 2015, recovering from Tuesday's selloff, as encouraging Greece headlines boosted investor sentiment amid a slight pause in the dollar and yield climb.
Among corporate news, TCS after market hours yesterday, 27 May 2015, announced a global collaboration with Red Hat, the world's leading provider of open source solutions. This collaboration will provide an NFV (Network Function Virtualization) Orchestration and Test Solution based on the Red Hat Enterprise Linux OpenStack Platform and allow customers to quickly enable validation of service design, orchestration, functional testing, and characterization of NFV services.
State Bank of India (SBI) turns ex-dividend today, 28 May 2015, for a dividend of Rs 3.50 per share for the year ended 31 March 2015.
Jindal Steel & Power (JSPL) reported consolidated net loss of Rs 519.30 crore in Q4 March 2015 as against net profit of Rs 402.50 crore in Q4 March 2014. Total income declined 6.74% to Rs 4586.42 crore in Q4 March 2015 over Q4 March 2014. The result was announced after market hours yesterday, 27 May 2015.
JSPL's board of directors at its meeting held yesterday, 27 May 2015, approved issuance of non-convertible debentures upto Rs 10000 crore. The board also approved issuance of further securities upto Rs 5000 crore.
Bata India's net profit rose 48.30% to Rs 58.43 crore on 0.8% decline in net sales to Rs 491 crore in the quarter ended March 2015 over the quarter ended March 2014. The result was announced after market hours yesterday, 27 May 2015.
Profit before exceptional items stood at 25.21 crore in the quarter ended March 2015. Exceptional item mainly represents gain related to part receipt of constructed space as part of property development project Rs 23.92 crore.
The company has changed its financial year from 'January - December' to 'April - March' and accordingly the last financial year was extended till 31 March 2015 covering a period of 15 months.
Meanwhile, Bata India's board of directors approved for 2-for-1 stock split, subject to approval of the shareholders at the forthcoming Annual General Meeting.
The Reserve Bank of India (RBI) is scheduled to announce the outcome of its second bi-monthly monetary policy review for the year 2015-16 at 11:00 IST on 2 June 2015.
Gains in bank stocks helped the barometer index, the S&P BSE Sensex, register small gains yesterday, 27 May 2015. The S&P BSE Sensex rose 33.25 points or 0.12% to settle at 27,564.66, its highest closing level since 25 May 2015.
In overseas markets, Asian stocks were mixed today, 28 May 2015. Key indices in Japan, Taiwan and South Korea were up 0.38% to 0.67%. Key indices in China, Hong Kong, Singapore and Indonesia were off 0.08% to 1.13%.
US stocks closed higher yesterday, 27 May 2015, recovering from Tuesday's selloff, as encouraging Greece headlines boosted investor sentiment amid a slight pause in the dollar and yield climb.
Meanwhile, US treasury chief Jacob Lew yesterday, 27 May 2015, urged Greece and its creditors to double down in their efforts to reach a deal to solve the nation's debt crisis, saying no one should be complacent about the risks to the world economy from a Greek default and possible exit from the eurozone. Greece is scheduled to repay euro 1.6 billion ($1.76 billion) to the IMF between June 5-19.
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