The Indian markets may open on negative note tracking weak Asian peers. SGX Nifty is also trading 71.50 points lower.

Indian Indices:

The Indian markets may open on a negative note led by negative Asian peers. SGX Nifty is also trading 71.50 points lower.

On Tuesday (August 27, 2013) Sensex shed 590.05 points to close at 17968.08 while Nifty slipped 189.05 points to end at 5287.45.

Global Market

Japanese stocks slumped to lead Asian markets lower on Wednesday (August 28, 2013), tracking a global selloff on heightened fears of US led military intervention in Syria.

US stocks fell deeply on Tuesday (August 27, 2013), with the Dow ending at a two-month low, as unease over possible US action against Syria shook global markets.

European stocks suffered their biggest daily drop in two months on Tuesday as the threat of a military strike against Syria prompted investors to take profit on some of this summer’s best performers and to buy insurance against future losses.

Major Headlines of the day

Dhanalaxmi Bank to mobilise Rs 37.75 crore by issue of shares.

Ultratech to buy majority stake in Jaypee’s Gujarat plant.

Maruti’s Gujarat plant delay would require state govt approval.