Indices may open higher; SGX Nifty gains

Indian Markets are expected to open on a positive note tracking firm gains in Asia. SGX Nifty is trading 60.50 points higher

Events for today:

TCS, HDFC Bank, Bajaj Finance, DCB and Bajaj FinServ to post quarterly results

Indian Indices:

The Stock markets are expected to open a higher, following rise in the Asian stocks. SGX Nifty is also trading 60.50 points higher.

Market will also see the impact of Reliance Industries Ltd ( RIL) which posted better-than-expected (Q2) second quarter earnings yesterday after the market hours.

On Monday (October 14, 2013) Sensex closed at 20,607.54, up by 78.95 points, while the Nifty rose by 16.50 points to close at 6,112.70.

Global Market

Asian stocks advanced on Tuesday (October 15, 2013), buoyed by gains overnight on Wall Street as US lawmakers appeared to make progress toward raising the US debt limit as that deadline approaches.

US stocks ended a volatile session with modest gains on Monday (October 14, 2013), as investors bet that there would soon be a deal in Washington to increase the debt limit, though there were no obvious signs of progress.

European equities were little changed on Monday (October 14, 2013) as weakness in technology shares, after a warning from Dassault on revenue growth, offset gains in defensive stocks.

Major Headlines of the day

Tata Teleservices launches festive offer.

Infosys to focus on private sector as govt-deal flows wane.

RCom to sell iPhone 5c for Rs41,900, iphone 5s for Rs53,500.

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