Sharemasterindia.com: Nifty is likely to open lower in trades on Wednesday tracking subdued trading of Nifty on the Singapore Stock Exchange.
The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.29 per cent or 24 points at 8,204 levels.
Meanwhile, Equity markets in Asia slipped early on Wednesday as a widespread spike in debt yields dented the allure of risky assets, while the euro stood tall after surging on upbeat euro zone inflation data and hopes that Greece will reach a deal with its creditors.
Japan's Nikkei lost 0.6 per cent while Australian shares shed 0.5 per cent and South Korea's Kospi dipped 0.1 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 per cent.
Overnight, U.S. stocks edged down on Tuesday while the dollar fell and bond yields rose as investors sought clarity on Greece's debt crisis and awaited the U.S. jobs report.
The U.S. dollar was on track for its biggest one-day percentage decline against a basket of major currencies in nearly two years while the euro rose on expectations that Greece would reach a deal with its creditors.
Back home these shares will be in focus today:
State Bank of India: State Bank of India reduced its base rates by 15 basis points and the cut will be effective from June 8. With this rate cut, SBI has cumulatively cut its base rate by 30 bps. SBI has said that the rate cut will not impact its margins.
ITC: ITC wil go ex-dividend today. The company had announced dividend of Rs 6.25 per share.
Apollo Hospital: Apollo Hospital plans to acquire majority stake in Guwahati-based hospital. Company has plans to acquire Assam Hospitals for Rs 57.25 crore.
The Nifty which is traded on the Singapore Stock Exchange also known as the SGX Nifty was down 0.29 per cent or 24 points at 8,204 levels.
Meanwhile, Equity markets in Asia slipped early on Wednesday as a widespread spike in debt yields dented the allure of risky assets, while the euro stood tall after surging on upbeat euro zone inflation data and hopes that Greece will reach a deal with its creditors.
Japan's Nikkei lost 0.6 per cent while Australian shares shed 0.5 per cent and South Korea's Kospi dipped 0.1 per cent.
MSCI's broadest index of Asia-Pacific shares outside Japan nudged up 0.1 per cent.
Overnight, U.S. stocks edged down on Tuesday while the dollar fell and bond yields rose as investors sought clarity on Greece's debt crisis and awaited the U.S. jobs report.
The U.S. dollar was on track for its biggest one-day percentage decline against a basket of major currencies in nearly two years while the euro rose on expectations that Greece would reach a deal with its creditors.
Back home these shares will be in focus today:
State Bank of India: State Bank of India reduced its base rates by 15 basis points and the cut will be effective from June 8. With this rate cut, SBI has cumulatively cut its base rate by 30 bps. SBI has said that the rate cut will not impact its margins.
ITC: ITC wil go ex-dividend today. The company had announced dividend of Rs 6.25 per share.
Apollo Hospital: Apollo Hospital plans to acquire majority stake in Guwahati-based hospital. Company has plans to acquire Assam Hospitals for Rs 57.25 crore.
No comments:
Post a Comment