Dalal Street to witness flat start

Indian Indices:

The Indian equities may start the trading session on a flat note tracking mixed global cues. SGX Nifty is also trading 3.00 point lower.

On Sunday (November 03, 2013) Sensex closed at 21239.36, up by 42.55 points, while the Nifty rose by 10.15 points to close at 6317.35.

Global Market

Asian shares rose while the dollar was flat against a basket of currencies on Tuesday (November 05, 2013), after a spate of comments from Federal Reserve officials offered investors no reason to believe a rollback of the US stimulus program was imminent.

US stocks ended higher on Monday (November 04, 2013) in light trading volume as investors were reluctant to make big bets with S&P 500 index just below the all-time closing high.

European shares ended higher on Monday (November 04, 2013) on better-than-expected manufacturing PMI from Germany, UK construction PMI jumped to a 6-year high in October.

Major Headlines of the day

Allahabad Bank hikes deposit rates by 50-120 bps.

IL&FS secures Rs675 cr-project in Mumbai.

Tata Steel to continue increase in production capacity: MD.

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