Indian stocks to remain subdued at start

The Indian markets may begin today’s session on a quiet note tracking mixed Asian cues. SGX Nifty is trading 14.50 points lower.
 
Events for today

Results: Jain Irrigation, Amara Raja Batteries, MMTC, SAIL, NALCO, Future Retail, Bhushan Steel, LIC Housing Finance, Essar Oil, Wockhardt, Pipavav Defence, United Breweries, Gitanjali Gems, HDIL to announce their quarterly results

Wholesale Price Inflation data to be announced

TBZ, Reliance Infra, Reliance Capital, RCom. HPCL and Jubilant to quote Final Dividend

Indian Indices:

Today’s opening is likely to be on a quiet note tracking mixed Asian cues. SGX Nifty is trading 14.50 points lower.

Today the markets may take cues from the July inflation numbers. The key indices may remain in a narrow range and continue to trade volatile.

On Tuesday (August 13, 2013) S&P BSE Sensex wrapped trade at 19229.84, up by 282.86 points while the NSE Nifty rose 86.90 points to settle at 5699.30.

Global Market

Asian stocks were mixed on Wednesday (August 14, 2013), with Australia digesting earnings news from a number of large local companies, while trading in Hong Kong was suspended due to a typhoon.

US stock indexes rose on Tuesday (August 13, 2013), with technology pacing the gains, after investor Carl Icahn touted his large position in Apple Inc.

European shares hit a 2-1/2 month high on Tuesday as upbeat economic data reinforced expectations the euro zone is finally crawling out of recession.

Major Headlines of the day

Bosch to launch ABS for two-wheelers next year.

NMDC’s Legacy Iron cancels AUD 25 million rights issue.

Coal India modifies FSA to allow third party to test quality.

SGX Nifty

sgxnifty.org@imediaone.com

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