Markets may rise at start; F&O expiry weighs

The Indian markets are expected to open on a positive note led by positive global cues. SGX Nifty is trading 32.00 points higher.

Events for today

F&O Expiry for the month of August

Indian Indices:

The Indian markets may open the trade on a positive note tracking positive global cues. SGX Nifty is trading 32.00 points higher.

Trading may, however, be volatile as investors will roll-over their positions to fresh September series on derivative contracts expiry today (August 29, 2013).

On Wednesday (August 28, 2013) S&P BSE Sensex wrapped trade at 17996.15, up by 28.07 points while the NSE Nifty fell 2.45 points to settle at 5285.00.

Global Market

Asian shares stabilized on Thursday (August 29, 2013) after two days of steep losses as fears abated that US-led forces would soon launch a military strike on Syria, and oil prices retreated from a six-month peak.

US stocks on (August 28, 2013) Wednesday advanced for the first session this week, with oil producers leading the gains as the price of crude settled at a more-than-two-year high above $ 110 a barrel.

European stocks fell for a third straight session on Wednesday as the prospect of an imminent military attack against Syria fuelled profit taking on an 8% rally since late June.

Major Headlines of the day

Power Grid to invest Rs210 cr for strengthening network.

Kotak Mahindra aims 20-30% growth in 2013-14.

Titan Industries is now Titan Company Ltd.

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