Markets to rise on positive global cues

Indian markets may rise at start led by positive Asian cues. SGX Nifty is trading 11.00 points higher.

Events for today:

HCL Technologies (Q1), Axis Bank, South Indian Bank quarterly results

Indian Indices:

The opening on Dalal Street is expected to be on a positive note as the Asian cues look supportive. SGX Nifty is also trading 11.00 points higher.

On Tuesday (October 15, 2013) S&P BSE Sensex fell 59.92 points to close at 20547 while Nifty slipped 23.65 points to end at 6089.05.

Global Market

Asian stocks rose on Thursday (October 17, 2013), bolstered by an agreement in Washington to reopen the government and raise the debt ceiling in time to meet a crucial deadline.

US stocks surged on Wednesday (October 16, 2013), lifting the S&P 500 near its record, as the Senate reached an agreement to reopen the government and raise the debt ceiling, with votes later in the day expected to end the fiscal standoff.

European shares rose on Wednesday (October 16, 2013), with a blue-chip benchmark hitting a 2-1/2 year high, propelled by expectations of an imminent deal in Washington to avert a U.S. debt default.

Major Headlines of the day

ITC Hotels announces WelcomHotel Bella Vista in Panchkula.

Heidelberg Cement India reports Rs28 cr loss in Jul-Sept.

Apollo Tyres opens branded retail outlet in Sri Lanka.

SGX Nifty

sgxnifty.org@imediaone.com

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