At 08:30AM , the indicator, SGX Nifty was down 40 points at 5,888.
Markets are likely to see a soft start on account of weak global cues on fears that the Fed could still begin scaling back its stimulus later this year. At 08:30AM , the indicator, SGX Nifty was down 40 points at 5,888.
Overnight, U.S. stocks declined for a third straight session. William Dudley, president of the Federal Reserve Bank of New York, said in a speech the timeline that Fed Chairman Ben Bernanke articulated in June for scaling back the central bank's stimulus measures is "still very much intact," as long as the economy keeps improving.
The Dow Jones industrial average was down 0.32 percent, at 15,401. The Standard & Poor's 500 Index was down 0.47 percent, at 1,702. The Nasdaq Composite Index was down 0.25 percent, at 3,765.
Asian share markets got off to a soggy start while currencies dithered in recent ranges as a dearth of major economic news left investors to chew on the outlook for monetary policy in the United states and Europe.
Taking its cue from a softer Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 percent. Returning from holiday, Tokyo's Nikkei dipped 0.3 percent in very light volumes.
Stocks to Watch
Indian Overseas Bank is likely too see some moves as the Public sector bank has requested the Ministry of Finance to infuse a capital fund to the extent of Rs 2,100 crore to the bank to meet tier I capital requirement under Basel III norms, for the fiscal year.
MTNL may add on some gains on reports that BSNL and MTNL are likely to sign a pact tomorrow that would allow the state-run companies to utilise each others network for providing pan-India mobile services.
Fortis Healthcare will be in limelight as the firm will fully redeem privately placed debt securities of the company totalling Rs 150 crore on the redemption date today.
SBI may remain under pressure after Moody’s downgraded its rating for SBI's senior unsecured debt and local currency deposit from Baa2 to Baa3 due to increasing pressures on credit from the economic slowdown.
Markets are likely to see a soft start on account of weak global cues on fears that the Fed could still begin scaling back its stimulus later this year. At 08:30AM , the indicator, SGX Nifty was down 40 points at 5,888.
Overnight, U.S. stocks declined for a third straight session. William Dudley, president of the Federal Reserve Bank of New York, said in a speech the timeline that Fed Chairman Ben Bernanke articulated in June for scaling back the central bank's stimulus measures is "still very much intact," as long as the economy keeps improving.
The Dow Jones industrial average was down 0.32 percent, at 15,401. The Standard & Poor's 500 Index was down 0.47 percent, at 1,702. The Nasdaq Composite Index was down 0.25 percent, at 3,765.
Asian share markets got off to a soggy start while currencies dithered in recent ranges as a dearth of major economic news left investors to chew on the outlook for monetary policy in the United states and Europe.
Taking its cue from a softer Wall Street, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.4 percent. Returning from holiday, Tokyo's Nikkei dipped 0.3 percent in very light volumes.
Stocks to Watch
Indian Overseas Bank is likely too see some moves as the Public sector bank has requested the Ministry of Finance to infuse a capital fund to the extent of Rs 2,100 crore to the bank to meet tier I capital requirement under Basel III norms, for the fiscal year.
MTNL may add on some gains on reports that BSNL and MTNL are likely to sign a pact tomorrow that would allow the state-run companies to utilise each others network for providing pan-India mobile services.
Fortis Healthcare will be in limelight as the firm will fully redeem privately placed debt securities of the company totalling Rs 150 crore on the redemption date today.
SBI may remain under pressure after Moody’s downgraded its rating for SBI's senior unsecured debt and local currency deposit from Baa2 to Baa3 due to increasing pressures on credit from the economic slowdown.
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