The Indian markets are set to begin trade on a positive note led by positive global cues. SGX Nifty is trading 30.50 points higher.

Events for today:

Results for Wednesday (October 30, 2013):

Bata India, Nestle India, Grasim Inds, Lupin, Havells India, LIC Housing Finance, OBC, IDBI Bank, DLF, GMDC, Suzlon Energy, Bharti Airtel, Jindal Steel, Mcleod Russel, Oberoi Realty.

Indian Indices:

The trading on the Dalal Street is set to begin on a positive note on the back of support from its global peers. SGX Nifty is also trading 30.50 points lower.

Traders have eyed the start of the two-day Federal Reserve meeting later in the session.

On Tuesday (October 29, 2013) S&P BSE Sensex ended at 20929.01, up by 358.73 points while Nifty closed at 6220.90, up by 119.80 points.

Global Market

Asia stocks are trading higher. Japan and Australia moved higher early Wednesday (October 30, 2013) ahead of the conclusion of the US Federal Reserve’s policy meeting

US stocks advanced on Tuesday (October 29, 2013), as soft economic data supported expectations the US Federal Reserve will keep its stimulus measures intact for several months, while gains in Pfizer and IBM helped the Dow.

European shares edged higher on Tuesday (October 29, 2013) as estimate-beating results at BP and Saipem fuelled a surge in the oil sector, a laggard in this year’s equity rally.

Major Headlines of the day

Tata Steel Europe announces restructuring of long product business.

Gujarat NRE Coke seeks debt restructuring.

Greaves Cotton to grow engine business.