The Indian markets may open on a positive note ahead of the RBI’s monetary policy review. SGX Nifty is trading 13.00 points higher.

Events for today:

RBI’s monetary policy review

Results for Tuesday (October 29, 2013):

Ranbaxy Labs, Shriram Transport Finance, Tata Communications, MRPL, JSW Steel, NTPC, Marico, Torrent Power to post quarterly results.

Indian Indices:

Indian stock markets are looking at a higher opening on Tuesday (October 29, 2013). SGX Nifty is trading 13.00 points higher.

Markets are keenly awaiting RBI’s monetary policy that will also decide market movement for the day.

Rate sensitive sectors specially banks will be in focus depending on the decision by the central bank on key policy rates.

On Monday (October 28, 2013) S&P BSE Sensex shed 113.24 points to close at 20570.28 while Nifty slipped 43.80 points to end at 6101.10.

Global Market

Asian shares and the dollar fell slightly in early trade on Tuesday (October 29, 2013), mired in recent ranges as investors wait for commentary from the US Federal Reserve after this week’s policy meeting, where it is widely expected to keep policy on hold.

US stock indexes posted a narrowly mixed finish in choppy trading on Monday (October 28, 2013), with the S&P 500 setting a record high for a second straight session after an industrial-production reading beat expectations but a pending-home-sales gauge missed forecasts.

European shares inched lower on Monday (October 28, 2013), with investors wary about placing large bets in the run-up to US economic data later in the week that could provide clues as to when the US Federal Reserve might scale back its stimulus programme.

Major Headlines of the day

NHPC fixes Nov 8 for share buyback.

Apollo Hospitals inks deal with KKR to raise Rs550 crore.

Ashok Leyland launches ‘BOSS’ in Kerala.