Markets indicate flat to positive start

The Indian stock markets are expected to open in the green zone as the global cues look supportive. SGX Nifty is trading 5.50 points higher.

Events for the day:

Hindustan Zinc, ACC, Exide Industries, Ambuja Cement, Hero Motocorp, Ramco Cement, Power Grid, Emami, Dish TV and L&T Finance to post quarterly results today

Headlines for the day:

SBI to take decision on raising fund from QIP in a month

Polaris Q2 Net marginally up at Rs59.81 cr

Tech Mahindra, Bosch Software join hands

Indian indices:

Indian stock markets are set to start the trading day on a flat to positive note as the global cues look supportive; investors also look forward to second week of Q2 earnings season which may give direction to the markets.

On Tuesday (October 22, 2013), the Se nsex shed 28.92 points to close at 20864.97 while Nifty slipped 2.15 points to end at 6202.80.

Global indices:

Asian shares gained and the dollar wallowed near a two-year low against the euro on Wednesday after disappointing U.S. jobs data firmly pushed expectations for the tapering of Federal Reserve stimulus into next year.

US stocks climbed on Tuesday, pushing the S&P 500 to yet another record high, after weaker-than-expected job creation last month reinforced expectations the Federal Reserve will hold the course on its economic stimulus into next year.

European equities rose to a fresh five-year high on Tuesday in a broad-based rally after a weak U.S. jobs report boosted expectations that the Federal Reserve would keep monetary policy ultra-loose for longer.

SGX Nifty

sgxnifty.org@imediaone.com

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