Markets expect a positive start

The Indian indices are expected to open first trading day of the week on a positive note on global support. SGX Nifty is also trading 32.50 points higher.

Events for today:

Maruti Suzuki, Syndicate Bank, TV18 Broadcast, Bharti Infratel and Dabur India to post quarterly results

Hindustan Zinc to quote Interim Dividend

Indian Indices:

The Indian markets may begin the first trading day of the week on a positive note tracking positive signals from global markets. SGX Nifty is also trading 32.50 points higher.

On Friday (October 25, 2013) S&P BSE Sensex shed 41.91 points to close at 20683.52 while Nifty slipped 19.45 points to end at 6144.90.

Global Market

Asian stocks got off to an encouraging start on Monday (October 28, 2013) after strong results from the likes of Microsoft drove Wall Street to another record closing high, while the safe-haven yen slipped in thin early trade.

US stocks rose, sending the Standard & Poor’s 500 Index to a record, as Inc. and Microsoft Corp. sales beat estimates while a drop in consumer confidence added to speculation the Federal Reserve will delay scaling back monetary stimulus.

European equities edged lower on Friday (October 25, 2013), with Telecom Italia leading the telecoms sector down on concerns about a capital hike by the Italian company and Volvo hurting industrials after reporting a sharp drop in profits..

Major Headlines of the day

RINL suffers steep production loss due to heavy rains.

Coal India signs fuel supply pacts with 156 power units.

Petronet hires 4th LNG tanker from SCI-Japanese consortia.

You may also like...

Rules of Discussion on Markets expect a positive start

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.

Loading comments …