Weak opening seen on global concerns

Markets are likely to open lower on weak global cues. SGX Nifty is trading 41.00 points lower.
Indian Indices:

Today, the opening on the Dalal Street is going to be on a negative note tracking weak Global cues. SGX Nifty is trading 41.00 points lower.

On Wednesday (August 14, 2013) S&P BSE Sensex wrapped trade at 19367.59, up by 137.75 points while the NSE Nifty rose 43.00 points to settle at 5742.30.

Global Market

Asian stocks stumbled on Friday (August 16, 2013) after some weak earnings and worries the Federal Reserve would soon pare its bond purchases slammed Wall Street, with Japanese shares leading the losses.

US stocks ended lower for a second day on Thursday (August 15, 2013), with the Dow industrials posting their first back-to-back triple-digit drop since June, as borrowing costs spike to 2011 highs and Wal-Mart Stores Inc. and Cisco Systems Inc. cut their forecasts.

European stock markets broke a five-day winning streak on Thursday, following disappointing trading updates from Zurich Insurance Group AG and Hennes & Mauritz AB.

Major Headlines of the day

Ramco plans to raise Rs 125 cr from rights issue.

Tata Steel to produce 1 MT iron ore from Canada this yr.

Karuturi Global promoters increase pledge as problems continue.

SGX Nifty


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