Indian stocks signal firm start

The Indian stock markets are expected to open gap-up on Dalal Street as the global cues look supportive. SGX Nifty is trading 115.50 points higher.

Events for the day:

Gail, MMTC, Idea Cellular, Power Grid, NTPC and GMR Infra to quote Final Dividend

Headlines for the day:

TCS wins multi-year project from Macau telecom firm

JSW Steel, JSPL to bid for Stemcor’s Indian assets

HCL Tech bags deal from Direct Energy

RIL on track to invest over $ 24 bn in key projects by 2017

Indian Indices:

Indian stock markets are likely to open higher tracking firm global cues. Investors will also cheer the appointment of Raghuram Rajan as 23rd RBI Governor who has raised hopes of new action plans to revive the economy.

On Wednesday (September 04, 2013), the S&P BSE Se nsex closed at 18,567.55, up by 332.89 points, while the Nifty rose by 106.65 points to close at 5,448.10

Global Indices:

Asian stocks edged up on Thursday following a positive lead from Wall Street, while fresh measures to shore up the rupee unveiled by India’s new central bank chief could set a positive tone for emerging markets throughout the region.

European shares closed slightly firmer after choppy trading on Wednesday, helped by a rally in U.S. technology stocks while geopolitical concerns kept gains in check.

US stocks rose for a second day on Wednesday as a possible military action in Syria was seen as limited and strong auto sales lifted investor confidence in the U.S. economy.

SGX Nifty

sgxnifty.org@imediaone.com

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