Nifty likely to open higher

Indian Indices:                              Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 26.5 points, or 0.25 percent. Nifty futures were trading around 10,447.50 on the Singaporean Exchange.

Global Market:

·       Asian markets- Asian markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.22% while the Hang Seng is down 0.11%. The Shanghai Composite is not trading.

·       US Markets: Nasdaq sheds 1% as Facebook leads tech plunge, Dow adds more than 100 points

·       European markets: European markets finished broadly higher today with shares in Germany leading the region. The DAX is up 1.83% while France's CAC 40 is up 1.00% and London's FTSE 100 is up 0.06%.

·       Major Headlines of the day:

·       Results today :- Alembic Pharma,Alfred Herbert,Apcotex Ind,Bank of Baroda,Cholamandalam,Coromandel Int,Equitas Holding,HCL Tech,ICICI Bank,Johnson Control,JSW Energy,Jubilant Life,Kalyani Forge,Kirloskar Bros,Oriental Carbon,Phillips Carbon,Prestige Estate,Reliance,Shoppers Stop,Welspun India,Westlife Dev.

·         Bank of Baroda Q1 preview: Loss likely on rise in bad loan provisions

·       Trend in FII flows:-  The FIIs were Net Value of Rs  2453.57 in the cash segment while the DIIs were Net Value of    -2716.04 as per the provisional figures.

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