Indian stocks to witness subdued start ahead of F&O expiry

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 Indices:

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.

Global Indices:

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.

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