The Indian markets are expected to open in the green zone led by positive Asian cues. SGX Nifty is trading 1 point higher.

Indian Indices:

The Indian indices may open on a positive note tracking positive Asian cues. SGX Nifty is trading 1 point higher.

Markets ended in green zone yesterday, after 4-days losing streak as metal shares shares boost on China PMI data alongwith blue chips company also gained.

Investors track the movement of Rupee in trade today.

On Thursday (August 22, 2013) S&P BSE Sensex wrapped trade at 18312.94, up by 407.03 points while the NSE Nifty rose 105.90 points to settle at 5408.45.

Global Market

Asian shares rose in early trade on Friday (August 23, 2013) after economic data suggested the global economy is expanding, which took the edge off persistent fears of the US Federal Reserve’s likely withdrawal of stimulus.

US stocks closed higher on Thursday (August 22, 2013), getting a slight boost after Nasdaq-listed stocks resumed trading from a more than three-hour halt due to technical trouble.

European stock markets posted broad-based gains on Thursday, breaking a three-day losing streak, after data showed a pickup in manufacturing activity in both the euro zone and China.

Major Headlines of the day

Zensar Tech signs multi-million dollar deals in US.

Dr Reddy’s recalls Ranitidine tablets for microbial contamination.

Hindalco Ind seeks more time from govt for its SEZ in Odisha