Markets expect a positive start; L&T nos eyed

The Indian indices are expected to open last trading day of the week on a positive note on global support. SGX Nifty is also trading 35.50 points higher.

Events for today:

Larsen & Toubro, CRISIL and Petronet LNG to post quarterly results

Mitcon Consultancy & Service, Stellar Capital Services and Amrapali Capital and Finance Services IPO closes on Friday.

Anka India OFS opens today

Indian Indices:

The Indian markets may begin the last trading day of the week on a positive note tracking positive signals from global markets. SGX Nifty is also trading 35.50 points higher.

On Thursday (October 17, 2013) S&P BSE Sensex shed 132.11 points to close at 20415.51 while Nifty slipped 43.20 points to end at 6045.85.

Global Market

Most Asian stocks rose, with the regional benchmark index set to advance for a second week, as China reported economic growth accelerated and after the US reopened its government and averted a debt default.

US stocks ended mostly higher on Thursday (October 17, 2013), lifting the S&P 500 to a record finish, as Wall Street turned from the latest fiscal drama on Capitol Hill to corporate earnings that included better-than-expected results from Verizon Communications Inc.

European shares inched higher on Thursday (October 17, 2013), steadying after a recent sharp rally, as investors shifted their focus onto corporate news following an eleventh-hour deal in Washington to avert a US debt default.

Major Headlines of the day

JSPL to acquire majority stake in Gujarat NRE Coking Coal.

Nestle posts 4 %rise sales during 9 months.

Airtel increases stake in Qualcomm-founded 4G firm to 93.45%.

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