The Indian stock markets are expected to open on a subdued note as the global cues look mixed. SGX Nifty is trading 16.00 points lower.
Events for the day:
F&O Expiry for the month of September
Headlines for the day:
Shriram EPC gets Rs389 crore order
JSPL to set a pellet plant in Odhisa with Rs1400 cr investment
TRAI recommends ‘One nation, one number’ in six months
Tata Power generates over 4,682 MUs of electricity in FY13
Indian stock markets are likely to be highly volatile ahead of today’s F&O expiry. Banks will continue to remain in focus.
On Wednesday (September 25, 2013), the S&P BSE Sensex ended down by 63.97 points to close at 19,856.24 and the NSE Nifty fell by 18.60 points to end at 5873.85.
Asian share markets were left in limbo on Thursday as a paucity of major economic news left investors with little choice but to sweat out the latest battle over the U.S. budget.
U.S. stocks fell on Wednesday and the S&P 500 put in a fifth day of losses, its longest losing streak since the end of 2012, on jitters funding for the federal government would run out and after a drop in shares of Wal-Mart Stores.
European shares ended little changed on Wednesday as selloffs in German lenders Deutsche Bank and Commerzbank, hit by concerns about their balance sheets, were offset by a bounce in Spanish peers Santander and BBVA.