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 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.
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.