Markets to open higher tracking overseas gains

The Indian markets are expected to open higher led by positive Asian cues. SGX Nifty is trading 26.50 points higher.

Events for Monday:

Neyveli Lignite to quote Final Dividend

Indian Indices:

The Indian indices may open on a positive note tracking positive Asian cues. SGX Nifty is trading 26.50 points higher.

On Friday (August 23, 2013) Sensex closed at 18,519.44, up by 206.50 points, while the Nifty rose by 63.30 points to close at 5,471.75.

Global Market

Most Asian stocks advanced on Monday (August 26, 2013) after downbeat US home sales on Friday led some to expect the Federal Reserve may delay paring its bond purchases, with the resource sector climbing on the back of an increase in commodity prices.

US stocks closed higher on Friday (August 23, 2013), shaking off losses following disappointing new-home-sales data, but a big boost from Microsoft’s CEO news failed to raise the Dow industrials for the week.

European stock markets advanced on Friday after data confirmed that the German and UK economies are on track for a sustainable recovery and consumer-confidence figures for the euro zone beat expectations.

Major Headlines of the day

SAIL-led consortium to invest only Rs7,000 cr in Afghan plant.

Tata Motors weighing strategic options for Spanish arm Hispano.

Arvind to launch its own brand of ready-made garments.

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