SENSEX NIFTY
Feb 21, 2013, 08.53 AM IST | Source: Moneycontrol.com

Markets may open on firm note: Sharekhan

According to a report by Sharekhan, the Indian equities may start the trading session on a soft note tracking unsupportive global cues. SGX Nifty is also trading 33.50 points higher. Investors are likely to remain cautious as the Budget Session of Parliament is set to begin today.

According to a report by Sharekhan, the Indian equities may start the trading session on a soft note tracking unsupportive global cues. SGX Nifty is also trading 33.50 points higher. Investors are likely to remain cautious as the Budget Session of Parliament is set to begin today.

From the IPO section, Sunstar Realty Development initial public offering closed today. The price band is Rs20 per equity share of face value Rs10 each.

On Wednesday (February 20, 2013), the Sensex closed at 19642.75, up by 7.03 points while the Nifty settled at 5943.05 rising by 3.35 points.

Asian shares fell on Thursday as risk sentiment was shaken by talk in global markets overnight that a hedge fund had been liquidating large positions in commodities, as well as worries the Federal Reserve could slow its bond buying program.

US stocks fell the most in three months and a key gauge of market volatility spiked on Wednesday after minutes from the U.S. Federal Reserve's most recent meeting suggested the central bank may slow or stop buying bonds sooner than expected.

European shares fell on Wednesday as surprise dividend cuts by RSA and Lufthansa and weak results from the likes of Accor and BHP Billiton weighed on sentiment.

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