Indian markets may rise at start led by positive Asian cues. SGX Nifty is trading 6.50 points higher.
Events for today
Results: IOC, BPCL, Tata Steel, M&M, Oil India, Hindalco, OFSS, GMR Infra and Opto Circuits to announce quarterly results
L&T and Maruti Suzuki to quote Final Dividend
Today, the opening on the Dalal Street is expected to be on a positive note as the Asian cues look supportive. SGX Nifty is also trading 6.50 points higher.
IIP contracted 2.2% in June, more-than-expected from a year earlier, government data showed on Monday.
Consumer price index-based inflation declined to 9.64% in July from 9.87% in the previous month.
On Monday (August 12, 2013) Sensex shut shop at 18946.98, up by 157.64 points and the Nifty rose 46.75 points to close at 5612.40.
Japanese shares rose and the yen fell after a report on Tuesday said Prime Minister Shinzo Abe is considering a corporate tax cut to help offset the impact of a planned two-stage increase in the sales tax, while gold eased but held near three-week highs.
US markets closed a low-volume, light-news session with slight losses on Monday (August 12, 2013), though the technology-dominated Nasdaq Composite managed a gain.
European stock markets hovered around a two-month high in a choppy session on Monday, with investors being cautious of placing any big positions ahead of closely watched data later in the week.
Major Headlines of the day
GVK to sell stake in airport business by FY14-end.
Shriram Properties to bid for Britannia’s factory land in Chennai.
Jet Airways to add six Boeing 737s to its fleet in FY14.