Key benchmark indices are likely to open almost unchanged echoing mixed cues from global shores. The SGX Nifty futures for April 2009 expiry were down 1 point in Singapore. However stock specific activity will be high in companies that will be announcing their March 2009 quarterly results.
Cipla, Maruti Suzuki India, Ranbaxy Laboratories and Corporation Bank among others will declare their March 2009 quarterly results today, 24 April 2009.
Political uncertainty, with polling for India's 15th Lok Sabha underway, may lead to volatile swings on the bourses. The month-long parliamentary elections that began on 16 April 2009 will conclude on 13 May 2009 with results due on 16 May 2009. Poll estimates point to a fractured mandate.
Expiry of derivatives expiry on Wednesday, 29 April 2009 may prop the volatility further. Rollover of Nifty positions from April 2009 series to May 2009 series stood at 29%, as on Thursday, 23 April 2009.
Asian markets were trading mixed today, 24 April 2009. Key benchmark indices in China, Hong Kong and Taiwan were up by between 0.24% and 1.13%. However indices in South Korea, Singapore and Japan fell by between 0.11% and 0.76%.
US markets saw a late rebound on Thursday, 23 April 2009 led by financials. Expectations about the white paper on the US bank stress test and some better-than-expected earnings helped offset gloomy economic data.
The Dow Jones industrial average gained 70.49 points, or 0.9%, to 7,957.06. The S&P 500 index added 8.37 points, or 1%, to 851.92, and the Nasdaq Composite index rose 6.09 points, or 0.4%, to 1,652.21.
Existing-home sales dropped 3% to a $ 4.57 million annual rate in March 2009, lower than the 4.7% pace expected and February's 2009 downwardly revised $ 4.71 million rate.
Back home, bulls were back on Thursday, 23 April 2009 as key benchmark indices reversed last three days losses on firm global markets. The BSE 30-share Sensex rose 317.45 points or 2.93% to 11,134.99 and the S&P CNX Nifty surged 93.40 points or 2.8% to 3,423.70.
According to provisional data on NSE, foreign institutional investors (FIIs) were net buyers worth Rs 241.13 crore while domestic institutional investors funds bought shares worth Rs 425.83 crore on Thursday, 23 April 2009.
Source : Capitalmarket.com
Cipla, Maruti Suzuki India, Ranbaxy Laboratories and Corporation Bank among others will declare their March 2009 quarterly results today, 24 April 2009.
Political uncertainty, with polling for India's 15th Lok Sabha underway, may lead to volatile swings on the bourses. The month-long parliamentary elections that began on 16 April 2009 will conclude on 13 May 2009 with results due on 16 May 2009. Poll estimates point to a fractured mandate.
Expiry of derivatives expiry on Wednesday, 29 April 2009 may prop the volatility further. Rollover of Nifty positions from April 2009 series to May 2009 series stood at 29%, as on Thursday, 23 April 2009.
Asian markets were trading mixed today, 24 April 2009. Key benchmark indices in China, Hong Kong and Taiwan were up by between 0.24% and 1.13%. However indices in South Korea, Singapore and Japan fell by between 0.11% and 0.76%.
US markets saw a late rebound on Thursday, 23 April 2009 led by financials. Expectations about the white paper on the US bank stress test and some better-than-expected earnings helped offset gloomy economic data.
The Dow Jones industrial average gained 70.49 points, or 0.9%, to 7,957.06. The S&P 500 index added 8.37 points, or 1%, to 851.92, and the Nasdaq Composite index rose 6.09 points, or 0.4%, to 1,652.21.
Existing-home sales dropped 3% to a $ 4.57 million annual rate in March 2009, lower than the 4.7% pace expected and February's 2009 downwardly revised $ 4.71 million rate.
Back home, bulls were back on Thursday, 23 April 2009 as key benchmark indices reversed last three days losses on firm global markets. The BSE 30-share Sensex rose 317.45 points or 2.93% to 11,134.99 and the S&P CNX Nifty surged 93.40 points or 2.8% to 3,423.70.
According to provisional data on NSE, foreign institutional investors (FIIs) were net buyers worth Rs 241.13 crore while domestic institutional investors funds bought shares worth Rs 425.83 crore on Thursday, 23 April 2009.
Source : Capitalmarket.com
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