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
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.
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 Amazon.com 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.