D Street to open in green on global support

The Indian stock markets are expected to open in the green zone on Dalal Street as the global cues look supportive. SGX Nifty is trading 33.50 points higher.

Events for the day:

Container Corporation of India Bonus issue in ratio of 1:2 of Rs10 per share

BHEL, Coal India, PC Jewellers, UBL, BPCL and BEL to quote final dividend

Headlines for the day:

RIL may be denied price hike for D1 and D3 gas

SpiceJet plans to add 7 new Boeings in 2013-14

Ranbaxy Labs plans products basket expansion in Russian market

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 Thursday (September 05, 2013), the S&P BSE Se nsex closed at 18,979.76, up by 412.21 points, while the Nifty rose by 144.85 points to close at 5,592.95

Global Indices:

The euro held near a seven-week low on Friday on the back of dovish comments from the European Central Bank, while a jump in U.S. bond yields underpinned the dollar and kept Asian stocks in check.

European stocks posted their highest close in 2-1/2 weeks on Thursday, cheered by strong U.S. data and the European Central Bank’s commitment to low interest rates to fuel economic recovery.

The dollar rose to a seven-week peak against the euro on Thursday after the head of the European Central Bank said its Governing Council expects key ECB interest rates to remain at present or lower levels for an extended period.

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