Dalal Street signals positive start on global support

The Indian stock markets are expected to open in the green zone as the global cues look supportive. SGX Nifty is trading 26.00 points higher.

Events for the day:

Asian Paints, HDFC, Zee Entertainment, Karnataka Bank and M&M Financial to post quarterly results today

Headlines for the day:

DCB Bank not to seek extension to dilute promoter holding

Tata, SIA get govt approval for airline venture’s name

Unitech inks Rs1,000 cr office leasing deal with Accenture

Indian Indices:

Indian stock markets are set to start the first trading day of the week on a positive note as the global cues look supportive, investors also look forward to second week of Q2 earnings season.

On Friday (October 18, 2013), the Se nsex surged 467.38 points to close at 20882.89, while the Nifty advanced 143.50 points to settle at 6189.35.

Global Indices:

Australian shares climbed to a five-year peak on Monday, taking cues from the U.S. S&P 500’s record high as investors bet the Federal Reserve will not start winding back its cheap money policies until next year.

The S&P 500 closed at a record high for the second straight day on Friday to cap its biggest weekly gain in three months as stronger-than-expected earnings from Google, Morgan Stanley and others overshadowed worry that earnings growth was faltering.

European shares rose to a five-year high on Friday after robust growth data from China boosted luxury goods and mining stocks, while good results from Accor helped raise the travel and leisure sector.

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