Indian markets to open gap up ahead of inflation nos

 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 105.50 points higher.

Events for the day:

Wholesale Prices Inflation figures to be announced

Financial Technologies, Mc Dowell and GMDC to quote final dividend

Headlines for the day:

Apollo arm to invest Rs400cr on new Cradle centres by 2018

RIL slams DGH move to snatch gas discoveries as ‘arbitrary’

Indus eyes Rs150 cr revenue in next 2 yrs

Tata Motors to continue with planned investment of Rs3,000 cr

Sun Pharmaceuticals files ANDAs for 4 products in Q1 FY 14

Indian Indices:

Indian stock markets are likely to open on a strong note following the gains in global markets. The Wholesale Price Index Inflation data schedule later today will be the trigger for our markets in terms of determining the policy stance of the central bank on September 20 mid-quarter review.

On Friday (September 13, 2013), the S&P BSE Sensex ended down by 49.12 points to close at 19,732.76 and the NSE Nifty fell by 0.10 points to end at 5850.60.

Global Indices:

Shares rallied in Asia on Monday after Lawrence Summers dropped from the race to be head of the Federal Reserve, while progress on Syria also shored up risk appetite.

U.S. stocks rose on Friday and the Dow registered its best weekly gain since January, helped by a rise in Intel shares, though trading was subdued ahead of the Federal Reserve’s expected reduction of stimulus measures next week.

European equities advanced for a second straight week and recorded a new 3-1/2-month high on Friday, with merger and acquisition activity in the healthcare and media sectors underpinning the stock market.

SGX Nifty

sgxnifty.org@imediaone.com

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