June 27, 2014 / 2:52 AM / 5 years ago

MARKET EYE -Indian shares to open flat on global stocks, FII sales

* Indian shares are set to open flat on Friday on subdued global
shares and foreign investor sales.
* NSE index futures traded on the Singapore Exchange 
rise 0.12 percent, while the MSCI-Asia Pacific excluding Japan
index is trading flat. 
* Asian shares got off to a tentative start on Friday after a
weak performance on Wall Street, and global bond yields dropped
on creeping doubts on the strength of the U.S. economic
* Overseas investors sold Indian shares worth 6.01 billion
rupees ($100.67 million) on Thursday, provisional exchange data
* Prospects of economic recovery in India look bright following
the formation of a stable government, though supply side issues
need to be solved to help monetary policy bring down inflation,
the Reserve Bank of India said on Thursday. 
* India's rain shortfall shrank in the third week since the
onset of its monsoon, recovering a little after a poor start,
but farmers remain concerned as rains are a third below normal
due to sluggish progress toward grain belts in the northwest.
($1 = 59.7000 Indian Rupees)

 (abhishek.vishnoi@thomsonreuters.com /
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