Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 8 points at the opening bell. Most Asian stocks fell today, 5 September 2014.
Among corporate news, Infosys said after market hours on Thursday, 4 September 2014, that it has been selected by BP to provide IT services, in particular application support and development to BP. The agreement is effective 1 September 2014.
BPCL turns ex-dividend today, 5 September 2014, for dividend of Rs 17 per share for the year ended 31 March 2014 (FY 2014).
Axis Bank said after market hours on Thursday, 4 September 2014, after receiving approval of Reserve Bank of India Sanjeev Kumar Gupta has taken charge as Executive Director with effect from 4 September 2014. The Board at its meeting held on 27 June 2014 had decided to appoint Sanjeev Kumar Gupta, President & CFO as an Executive Director of the Bank with effect from the date as approved by Reserve Bank of India.
Tata Power said after market hours on Thursday, 4 September 2014, that in its pronouncement on 4 September 2014, the Appellate Tribunal for Electricity has stayed Maharashtra Electricity Regulatory Commission's order which had No restrictions for consumers of all categories to make a choice of switching to Tata Power distribution services in Mumbai. The choice of multiple distributors in Mumbai was to facilitate consumers to get the benefit of competitive services available through different service providers. The detailed order is awaited. The company look forward to continue to serve Mumbaikars with choice of reliable and superior customer services, it said.
Tech Mahindra announced after market hours on Thursday, 4 September 2014, that it has signed an agreement with Bombardier Aerospace. As part of this engagement, Tech Mahindra will provide engineering solutions to Bombardier.
Tech Mahindra and Bombardier have signed a mutual agreement that will lead Tech Mahindra to work with Bombardier globally. Tech Mahindra plans to invest significantly in infrastructure and talent in the Montrl region. Tech Mahindra aims to grow its Canada team to 1,200 people in the next five years.
The company has recently announced its plans to create jobs in Canada and aims to develop an eco-system to grow local economy. The company is present in the region since 2005 and has been servicing key clients across North America.
Weak global cues and an overnight rally in Brent crude oil prices weighed on key indices in India on Thursday, 4 September 2014, which snapped their recent winning streak that took them to record high. The S&P BSE Sensex shed 54.01 points or 0.2% to settle at 27,085.93 on that day, its lowest closing level since 2 September 2014.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 1697.74 crore on Thursday, 4 September 2014, as per provisional data from the stock exchanges.
Most Asian stocks fell today, 5 September 2014 led by fall in mineral stocks. Key indices in Hong Kong, South Korea, Taiwan, and Singapore fell 0.4% to 0.5%. Key indices in Japan, China, and Indonesia were up 0.17% to 0.38%.
US stocks reversed intraday gains to end lower on Thursday, 4 September 2014, with the S&P 500 index declining third day in a row.
On Thursday, a gauge of the US nonmanufacturing sector unexpectedly saw its highest monthly reading in August since the revised survey's inception in January 2008.
The data on US non-farm jobs data for August is due later in the global day today, 5 September 2014.
In Europe, the European central Bank (ECB) unexpectedly lowered all its interest rates to all-time low on Thursday, 4 September 2014. ECB President Mario Draghi announced two new programs under which the institution will buy asset-backed securities and covered bonds issued by eurozone banks. In a news conference, Draghi said the aim was to expand the bank's balance sheet back to the heights reached in early 2012, which equates to a rise of around 50% or 1 trillion euros in new assets.
The Bank of England's Monetary Policy Committee at its meeting on Thursday, 4 September 2014, left its Bank Rate at 0.5%, where it has been since the depths of the financial crisis more than five years ago.
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