Dalal Street signals flat start on 1st day of October series

The Indian stock markets are expected to open on a subdued note as the global cues look flattish. SGX Nifty is trading 2.00 points lower.

Headlines for the day:

Tata Motors launches Xenon XT in South Africa

Siemens sets up global engineering center in Coimbatore

PFC invites initial bids for Odisha, Tamil Nadu UMPPs

ADB’s $ 400 mn loan to improve water, sanitation in Kolkata

Indian Indices:

Indian stock markets are set to start the last trading day of the week which is also the first trading day of October series on a flat note as the global cues look mixed.

On Thursday (September 26, 2013), the S&P BSE Sensex ended up by 37.61 points to close at 19,893.85 and the NSE Nifty rose by 8.40 points to end at 5882.25.

Global Indices:

The dollar held firm in early Asian trade after U.S. jobless claims figures pointed to a improving labor market, reviving expectations of a reduction in U.S. monetary stimulus.

The S&P 500 and Dow snapped five-day losing streaks on Thursday on positive job market data but gains were limited as investors worried if Washington lawmakers would pass bills to avoid a government shutdown and possible U.S. debt default on time. |

Political uncertainty in Italy hit Milan’s stock exchange on Thursday and pegged back European equity indexes, although most investors saw any dips as short-lived.

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