Markets to begin in red: Rupee in focus

The start on the Dalal Street is going to be in the red zone led by negative global peers. SGX Nifty is also trading 64.50 points lower.

Events for the Day:

IGL and HT Media to quote Final Dividend
Indian Indices:

The Indian markets are likely to fall tracking weak global sentiments. SGX Nifty is also trading 64.50 points lower.

Investors will continue to watch the rupee movement, after the rupee touched a fresh all-time low (Yesterday). Also waiting to see if minutes of the Fed Reserve’s last policy meeting due tomorrow will provide some clarity on when it might start scaling back stimulus.

On Monday (August 19, 2013) Sensex shed 290.66 points to close at 18307.52 while Nifty slipped 93.10 points to end at 5414.75.

Global Market

Most Asian stocks retreated on Tuesday (August 20, 2013) after a fourth straight day of losses on Wall Street, with Australian shares also taking a hit on the back of some disappointing earnings reports.

US stocks dropped on Monday (August 19, 2013) after a choppy trading session, with the energy and financial sectors leading the S&P 500 lower, as Treasury yields hit fresh two-year highs.

European stock markets dropped on Monday, as worries over rising Treasury yields in the US and jitters over monetary policy spooked investors.

Major Headlines of the day

Canara Bank ties up with United India Insurance.

KPIT Cummins joins Infor network to market softwares.

SpiceJet offers flexi travel solutions.

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