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
recovery. 
* Overseas investors sold Indian shares worth 6.01 billion
rupees ($100.67 million) on Thursday, provisional exchange data
show. 
* 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 /
abhishek.vishnoi.thomsonreuters.com@reuters.net)
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below