With Wall Street shut on Monday due to the Labor Day
holiday, investors looked to Europe for trading cues. Bourses in the U.K.,
Germany and France closed flat to lower after regional manufacturing activity
for August fell to a 13-month low. The data will be likely be closely watched
by the European Central Bank as it prepares to hold a policy meeting this
Thursday.
Tensions over Ukraine and Russia remain in focus. Reuters
reported that the European Union is working on contingencies if Moscow turns
off the gas pipes in retaliation to additional sanctions. Separately, Ukraine
has begun peace talks with pro-Russian separatists, who say they would be
willing to remain as part of Ukraine if granted special status.
Hong Kong's Hang Seng fell 0.40 percent or 98.16 points at
24,653.93. Japan's Nikkei added 1.17 percent or 181.03 points at 15,657.63.
Singapore's Straits Times was flat at 3,315.58. China's
Shanghai Composite was flat at 2,237.53.
South Korea's Seoul Composite shed 0.59 percent or 12.28
points at 2,055.58.
Taiwan's Taiwan Weighted fell 0.91 percent or 86.35 points
at 9,426.71.
√ Buy Bharti Airtel, target of
Rs 382 and stoploss at Rs 373
√ Buy Coal India, target
of Rs 371 and stoploss at Rs 362
√ Buy Adani Power at CMP
and stoploss at Rs 48
√ Buy Apolo Tyres at CMP and
stoploss at Rs 174
