Negative opening likely on weak global cues

The Indian stock markets are expected to open on a negative note led by weak global cues. SGX Nifty is trading 16.00 points lower.

Events for today:

Berger Paints and Motherson Sumi to post quarterly results

Nestle India and Marico to quote Final Dividend

Indian Indices:

Key indices are likely to open lower amid weak global cues. Asian share indices were down tracking overnight losses on Wall Street. SGX Nifty is trading 16.00 points lower.

On Thursday (October 31, 2013) Sensex closed at 21,164.52, up by 130.55 points, while the Nifty rose by 47.45 points to close at 6,299.15.

Global Market

Asian shares edged down and the dollar inched higher in early trade on Friday (November 01, 2013) after upbeat US economic data prompted some investors to price in a less dovish policy outlook for the US Federal Reserve.

US stocks finished lower on Thursday (October 31, 2013) as the Federal Reserve’s statement the day before added to investors’ anxiety about the timing of a pullback in its stimulus program.

Disappointing results from heavyweight energy firm Royal Dutch Shell kept Europe’s blue chip share index in check on Thursday (October 31, 2013), as investors continued to weather a stormy earnings season..

Major Headlines of the day

Siemens Enterprise Communications rebrands as Unify.

Cairn ranked fastest growing energy firm in the world.

Sesa Sterlite posts net profit of Rs 2,394.37 cr in Q2.

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