See flat opening: SMC Global

Written By Unknown on Selasa, 22 April 2014 | 10.54

According to SMC Global Securities, trading of CNX Nifty futures on the Singapore stock exchange indicates a flat opening on domestic bourses.

SMC Global Securities' market report:

Trading of CNX Nifty futures on the Singapore stock exchange indicates a flat opening on domestic bourses. Asian stocks rose as US equities capped their longest stretch of gains since October and the yen extended losses, boosting the outlook for Japanese exporters.

US stocks rose on Monday, building on last week's rally as investors continued to digest corporate results; while the dollar reached a two-week high against the yen after Japan posted a record trade deficit. HDFC Bank, Mahindra Lifespace, Tinplate Company, Tata Metaliks, Rallis India, MRF and Zensar Tech will announce its quarterly result today.

As per provisional figures, foreign institutional investors (FIIs) bought shares worth a net Rs 212.85 crore on 21st April 2014. Domestic institutional investors sold shares worth Rs 217.66 crore on that day.

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To read the full report click here


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