Shares may open higher; IIP, CPI data eyed

The Indian markets may open in the green zone led by positive global cues. SGX Nifty is also trading 22.50 points higher.

Events for today

Index for Industrial Production (IIP) data to be announced

CPI data to be released

Indian Indices:

The Indian markets are likely to open in the green terrain tracking positive global peers. SGX Nifty is also trading 22.50 points higher in today’s trade.

On Wednesday (September 11, 2013) Sensex shut shop at 19,997.45, up by 0.36 points and the Nifty gained 16.40 points to settle at 5913.15 in trade today.

Global Market

Asian shares eked out small gains and the dollar remained under pressure on growing expectations that the US Federal Reserve’s impending stimulus reduction might be smaller than some had believed.

US stock market mostly higher on Wednesday (September 11, 2013), with the Dow industrials tallying a third day of triple-digit gains, as reduced worry about Syria countered Apple Inc.’s sharp drop.

Europe’s benchmark stock index closed at a more than five-year high on Wednesday as tensions in the Syria conflict eased and the unemployment rate unexpectedly dropped in the UK.

Major Headlines of the day

Idea Cellular in talks with PE firms to raise money.

Power Grid plans Rs20,000-cr capex every year for transmission.

Tata Motors global sales decline by 16% in August.

SGX Nifty

sgxnifty.org@imediaone.com

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