Weak global cues to drag markets lower at start

The start for Indian markets is expected to be on a weak note led by unsupportive global cues. SGX Nifty is trading 75.50 points lower.

Indian Indices:

Global weakness may drag the Indian markets lower in the opening trade. Lack of positive drivers in the markets may push buyers to the sidelines. SGX Nifty is trading 75.50 points lower.

On Friday (September 20, 2013) S&P BSE Sensex shed 382.93 points to close at 20263.71 while Nifty slipped 103.45 points to end at 6012.10.

Global Market

Asian equities were mixed on Monday (September 23, 2013) as investors digested a better-than-expected report of Chinese factory activity but trading volumes were thin with Japanese markets shut for a public holiday.

US stocks fell on Friday (September 20, 2013) as investors puzzled over the Federal Reserve’s decision to maintain its stimulus measures as they heard opposing viewpoints from top Fed officials.

European shares retreated on Friday after the boost from the US Federal Reserve’s decision to keep its stimulus programme in place for now wore off.

Major Headlines of the day

Wockhardt Hospitals bets on tier-II to boost growth.

SAIL to invest around Rs 800 cr to develop Bhilwara mine.

Coal India awaits green clearances for 241 projects.

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