Market may slide on weak Asian stocks

The market is poised for a weak opening on negative Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 36 points at the opening bell. Asian stocks edged lower today, 10 September 2014 on concern that China's growth is slowing and speculation that US interest rates will rise sooner than estimated.

ICICI Bank after market hours on Tuesday, 9 September 2014 said that the Board of Directors of the bank at its meeting held on Tuesday, 9 September 2014, has approved 5-for-1 stock split.

Shares of hospitality firms and tour operators will be in focus after foreign tourists arrivals (FTAs) surged at 40-months high pace of 17.1% to 5.69 lakh in August 2014, while showing acceleration in the pace of growth from 13% growth in the previous months and 9.1% increase recorded in August 2013.

SKS Microfinance, TVS Motor Company, Eicher Motors, Motherson Sumi Systems and Mindtree will become part of the NSE's derivative segment from today, 10 September 2014.

A day after surging to fresh record high, key benchmark indices drifted lower on Tuesday, 9 September 2014, as the dollar rose against a basket of other major global currencies on speculation US interest rates may rise faster than investors anticipated. The S&P BSE Sensex shed 54.53 points or 0.2% to settle at 27,265.32, its lowest closing level since 5 September 2014.

Meanwhile, the provisional data released by the stock exchanges after trading hours yesterday, 9 September 2014, showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 479.40 crore on that day.

Asian stocks edged lower today, 10 September 2014 on concern that China's growth is slowing and speculation that US interest rates will rise sooner than estimated. Key benchmark indices in Taiwan, Hong Kong, Japan, Indonesia, China and Singapore fell by 0.21% to 1.7%.

US stocks fell on Tuesday, 9 September 2014 as Apple shares declined and as bond yields hit their highest in a month on concerns the Federal Reserve could raise interest rates sooner than some investors had expected.

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