Positive global cues may boost domestic shares

Shares may edge higher in opening trades on the back of positive global cues. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 41.50 points at the opening bell.

Overseas, Asian shares rose across the board after US equities were buoyed by solid earnings results and a rebound in technology stocks as US bond yields pulled back. Meanwhile, Euro was hovering near three-month lows after the European Central Bank kept interest rates unchanged.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1056.34 crore yesterday, 26 April 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 684.11 crore yesterday, 26 April 2018, as per provisional data.

Among corporate news, Reliance Industries, IDFC and Maruti Suzuki India will announce Q4 results today, 27 April 2018.

Key benchmark indices logged modest gains in volatile session yesterday, 26 April 2018. The barometer index, the S&P BSE Sensex, gained 212.33 points or 0.62% to settle at 34,713.60. The Nifty 50 index rose 47.25 points or 0.45% to settle at 10,617.80.

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