Indian mkts may open flat to positive

Indian Indices:

The Indian equities may begin today’s trading session on a flat to positive note tracking mixed global cues. SGX Nifty is also trading 2.50 points higher.

On Monday (November 11, 2013) S&P BSE Sensex shed 175.19 points to close at 20490.96 while Nifty slipped 61.95 points to end at 6078.80.

Events for today:

Index for Industrial Production data

CPI data to be announced

CESC, Hindalco, Bosch, Tata Global, Apollo Hospitals, Reliance Capital, MMTC, HPCL, IFCI, Oil India, Canara Bank, Oracle Fin.Serv, GMR Infra, RComm and Jaypee Infratech to post quarterly results

Global Market

Asian shares held steady on Tuesday (November 12, 2013), with investors turning their attention to the Chinese Communist Party policy-meeting for clues to China’s economic agenda for the next decade, while the dollar’s two-day rally against the euro came to a halt.

US stock market crept higher on Monday (November 11, 2013), giving the Dow Jones Industrial Average its 35th record close this year.

Europe’s top shares rose on Monday (November 11, 2013), led by health care stocks after well-received acquisitions in the sector, with gains capped by steep drops for broadcaster BSkyB and insurer RSA.

Major Headlines of the day

Sun TV expects to regain growth in ad revenue.

ITC Infotech looks at huge expansion as business grows.

RIL insider trading case hearing pushed to Friday.

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