INDIAN BENCHMARKS are likely to witness negative opening as the global cues look unsupportive with SGX Nifty Trading Tips trading 44 points lower. Indian shares are likely to witness negative opening as the global cues look unsupportive with SGX Nifty trading 44 points lower. WPI Inflation data for December 2015 will be declared today (14th January 2016) and as per the consensus estimates it is expected come at -1.15% versus -1.99% MoM, Indian stocks snapped a two-day losing streak to end nearly 1 percent higher in a highly volatile day where stocks recovered from over 1-1/2-year lows led by strong buying in heavyweight Reliance Industries. The S&P BSE Sensex and CNX Nifty ended 0.70%-0.69% higher each.
Headlines for the day
- RComm to sign a pact with Reliance Jio to sell its spectrum
- BSE to remove AB Nuvo from S&P BSE 100 Index and add Cadila Health
- Sunteck Realty to raise Rs100 crore through issuance of NCDs
Global Indices:
- Asian shares skidded on Thursday in the wake of steep losses on Wall Street, while a rout in oil and commodities prices, with crude plumbing 12-year lows, heightened fears about the global economy.
- U.S stocks tumble as selloff resumes on concern that turbulence in China’s stocks and currency will spread to the global economy just as Federal Reserve is increasing borrowing costs has spurred declines in markets in 2016 , Key data to watch in US today are Jobless Claims, Imports and Export Prices, EIA Natural Gas Report
- European shares rose on Wednesday but ended off their highs on some profit taking and after a rise in U.S. crude oil inventories added to concerns about a deepening supply glut.
Trend in FII flows
The FIIs were net sellers of Rs -75.90 Cr in the cash segment on Wednesday while the DIIs were net buyers of Rs 618.79 Cr, as per the provisional figures released by the NSE.
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