Sunday, 21 February 2016

INDIAN BENCHMARKS NEWS UPDATES


INDIAN BENCHMARKS are likely to witness cautious opening as the global cues look slightly supportive with SGX Nifty trading 21.50 points higher.

Global Indices:

  • Asian stocks rallied on Monday as a weaker yen bolstered markets in Japan while China replaced the head of its securities regulator, underpinning confidence in the country’s equities. China’s Shanghai Composite and Hang Seng advanced over 1 per cent each amid speculation that a new regulator for the China securities market may help boost the Chinese equity market.


  • Wall Street closed little changed on Friday, marking the biggest weekly rally since November led by gains in shares of technology and consumer shares, offsetting a drop in oil prices. The Dow Jones Industrial Average fell 0.13 per cent; the Nasdaq Composite advanced 0.38 per cent while S&P 500 closed unchanged.


  • European shares turned lower on Friday, hit by a drop in bank, oil and auto shares, as investors locked in gains following a strong week that has helped to stabilise markets after a tumultuous start to the year.

Trend in FII flows:   
The FIIs were net  sellers of  Rs -191.73 Cr in the cash segment on Friday while the DIIs were net buyers of  Rs 16.53 Cr, as per the provisional figures released by the NSE.

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