Markets may see a lower opening

Indian markets may open in the red zone on back of unsupportive global cues and also SGX Nifty trading 41.50 points lower.

Indian Indices:

The opening on the Dalal Street is likely to be on a negative note led by negative global cues cues and also SGX Nifty trading 41.50 points lower 

On Monday (August 26, 2013) S&P BSE Sensex wrapped trade at 18558.13, up by 38.69 points while the NSE Nifty rose 4.75 points to settle at 5476.50.

Global Market

Asian stocks slipped on Tuesday (August 27, 2013), while Brent crude held near a five-month high after the United States signaled possible military action against the Syrian government over a suspected chemical weapons attack.

US stocks closed lower in light volume on Monday (August 26, 2013) after Secretary of State John Kerry called Syria’s actions ‘inexcusable’ and a report said the US would hit its debt limit in October.

European shares closed slightly lower on Monday with fears of a government collapse in Italy dragging down the FTSE MIB, and with UK markets closed for a holiday.

Major Headlines of the day

L&T’s container terminal at Kattupalli to commence from Sept 19.

Jubilant FoodWorks to open up to 100 Dunkin’ Donut stores.

Ashok Leyland’s UK arm to reduce dependency on one market.

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