Indices to open in red on weak global cues

The Indian stock markets are expected to open in the red zone as the global cues look unsupportive. SGX Nifty is trading 15.00 points lower.

Events for the day:

BHEL, IGL, Sobha Developers, ABB, Ashok Leyland, GSK Consumers and Thermax to post quarterly results

Colgate Palmolive and Sesa Sterlite to quote Interim dividend

Headlines for the day:

Dr Reddy’s faces patent infringement suit

TCS wins contract from US firm for core banking solutions

RCom cleans up its subscriber base again

Hindustan Motors domestic sales dip 20.8% in Oct

Indian Indices:

Indian stock markets are set to start the trading on a negative note amid tepid cues from Asian markets.

On Tuesday (November 05, 2013), the Se nsex shed 264.57 points to close at 20974.79 while Nifty slipped 64.20 points to end at 6253.15

Global Indices:

Asian stock markets were treading water on Wednesday after upbeat U.S. data fanned speculation the Federal Reserve could start slowing its asset buying as early as next month — depressing bond prices and lifting the dollar.

The Dow and the S&P 500 ended lower on Tuesday following two sessions of gains as investors weighed the implications of strong economic data for the path of monetary policy over the next several months.

European shares slipped off a five-year high on Tuesday, led lower by car-makers and insurers as more European blue chips undershot earnings expectations. Uncertainty in the run-up to an ECB policy meeting also kept investor enthusiasm – and volumes in check.

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