INDIAN BENCHMARKS may witness a bullish opening on Monday tracking a rebound in global equities amidst bets of further central bank stimulus to prop up a recovery in the world economy, bolstering the lure for risky assets. SGX Nifty Trading Tips is trading 31.50 points higher. Global central banks have hinted that they may support the world economy with the European Central Bank (ECB) signaling a likely boost to its stimulus program as early as March while Bank of Japan may charter a similar course and expand monetary easing in the near-term. The US Federal Reserve which meets this week is unlikely to hike interest rates after a maiden lift-off since 2006 in December. A recovery in oil prices which are back above the USD 32 per barrel may also support sentiment at Dalal Street as a commodity rout eases. With markets closed on Tuesday on account of the Republic Day holiday, the Sensex may witness a volatility-ridden week as traders roll over their positions ahead of the expiry of the January Futures & Options ( F&O) contracts on Thursday
Headlines for the day:
- RCom net drops 15% to Rs171 cr.
- Spice Jet posts highest quarterly profit.
- Jaiprakash gets four bids for 20 mtpa cement biz.
- Indiabulls Real Estate cuts net debt by Rs552 crore this fiscal.
Global Indices:
Asian stocks moved further away on Monday from four-year lows struck last week, as the blizzard on the U.S. East coast pushed oil prices higher, relieving some of the bearish pressure on Wall Street and world markets.
US stocks posted their first weekly gain of the new year Friday as oil futures rebounded for a second day and hints of potential central-bank stimulus in Europe and Japan helped comfort nervous investors.
Europe's top equity index posted its biggest one-day gain since October and its first weekly rise this year on Friday, buoyed by a rally in energy shares from close to a 12-year low.
RESULT’S ON 25TH JAN 2016 : HDFCBANK, MCLEODRUSS, MRF, NILKAMAL
Trend in FII flows:
The FIIs were net sellers of Rs -769.83 Cr in the cash segment on Friday while the DIIs were net buyers of Rs 915.60 Cr, as per the provisional figures released by the NSE.
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