Positive global cues may lift markets at start

Indian Indices:

The Indian markets may open on a positive note and trade in the green zone tracking positive global cues. SGX Nifty is trading 37.00 points higher.

On Wednesday (November 13, 2013) S&P BSE Sensex shed 87.51 points to close at 20194.40 while Nifty slipped 28.45 points to end at 5989.60.

Events for today:

Tata Power, Unitech, Amara Raja Batteries, Bhushan Steel, Videocon Industries, JP Power, JP Associates, Strides Arcolab, Pipavav Defence, Gitanjali Gems, HDIL and IRB Infra to post quarterly results.

Global Market

Japanese stocks led Asian markets higher on Thursday (November 14, 2013) after third-quarter growth data beat expectations, while renewed expectations that the US Federal Reserve would maintain its stimulus weighed on the dollar.

US stocks closed at new record highs on Wednesday (November 13, 2013) on rising hopes for continued central-bank stimulus efforts.

European stocks dropped on Wednesday (November 13, 2013), with a broad benchmark hitting a three-week low, as uncertainty over the outlook for equity-friendly monetary stimulus from central banks prompted investors to book recent hefty profits.

Major Headlines of the day

Jaguar Land Rover global sales up 35% in Oct.

TTK Prestige eyeing first overseas acquisition.

IPAB orders in favour of Wockhardt in trademark dispute.

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