Indian Markets are likely to open lower on weak global cues. SGX Nifty is trading 38 points lower.

Events for today

Results: Ambuja Cements, Hero MotoCorp, United Phosphorus, Dabur India, Central Bank of India, Yes Bank, Cairn India, Indiabulls Real Estate to announce their quarterly results.

Persistent Systems to quote Final Dividend

Indian Indices:

The Indian markets expect to open on a weak note tracking negative global cues. SGX Nifty is also trading 38.00 points lower.

On Wednesday (July 23, 2013) S&P BSE Sensex wrapped trade at 20302.13, up by 143.01 points while the NSE Nifty rose 46.00 points to settle at 6077.80.

Global Market

Asian Stocks declined on Wednesday (July 24, 2013) after China’s disappointing PMI Report blew investor sentiments.

European shares fell on Tuesday (July 23, 2013) as a late sell-off knocked markets off seven-week highs, with semiconductor group STMicroelectronics leading the way after weak results.

US stocks ended mostly lower on Tuesday after a decline in a regional manufacturing gauge prompted concern, but the Dow industrials climbed to a record close.

Major Headlines of the day

RIL hearing on 30th August

Zensar ‘pleased’ with its cloud biz orders

L&T seeks shareholders’ nod to raise $ 600 mn