Indian mkts set to begin on flat to positive note

The Indian markets may open on a flat to positive note led by mixed global cues. SGX Nifty is also trading 34.50 points higher.

Events for the day

Monthly auto sales and cement dispatches 

Indian Indices:

On the first trading day of the October month, the Indian markets may open on a flat to positive note tracking mixed global cues. SGX Nifty is also trading 34.50 points higher.

Today is an event packed day for the Indian markets, as monthly auto sales numbers and cement production & dispatches figures will be out, which may provide some direction to the markets. This will lead to some action in the auto and cement stocks.

On Monday (September 30, 2013) S&P BSE Sensex shed 347.50 points to close at 19379.77 while Nifty slipped 97.90 points to end at 5735.30.

Global Market

Asian shares held steady on Tuesday (October 01, 2013) as investors waited with bated breath for the deadline that could see much of the US Government begin to shut down and potentially crimp growth in the world’s largest economy.

US stocks closed lower on Monday (September 30, 2013) with just hours to go before a midnight deadline to avert a federal government shutdown, but major indexes ended September with solid monthly gains.

A drop in Italian stocks led European shares lower on Monday, after a wave of cabinet resignations from former premier Silvio Berlusconi’s party threatened new elections in the euro zone’s third biggest economy.

Major Headlines of the day

Cipla to tap high revenue markets, products.

Naresh Goyal buys 1.11% stake in Jet Airways from Tail Winds.

Airtel shareholders approve selling DCMS biz for Rs177 cr.

SGX Nifty

sgxnifty.org@imediaone.com

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