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Thursday, February 20, 2014

Markets may see a lower opening

Indian Indices:
The opening on the Dalal Street is likely to be on a negative note led by negative Asian cues. SGX Nifty is also trading 42.00 points lower.
On Wednesday (February 19, 2014) Sensex closed at 20722.97, up by 88.76 points, while the Nifty was up 25.65 points to close at 6152.75.
Global Market
Asian stocks tumbled on Thursday and the yen firmed as a survey painted a grim picture of China's manufacturing sector, heightening uncertainty about the outlook for the region's economic powerhouse.
US stocks closed lower on Wednesday after the minutes from the Federal Reserve’s policy setting meeting revealed little consensus about when short-term rates would begin to rise.
European shares pared early losses in late trade on Wednesday, tracking a rally in Wall Street, with WM Morrison gaining in the afternoon after a report that the grocer may be taken over by private-equity firms.
Major Headlines of the day
RIL to raise over $1 bn through export credit.
Hero MotoCorp to reduce prices up to Rs4,500.
Apollo Hospitals to invest Rs2000 cr on capacity upgrade.