Markets set for a strong start on global support

The Indian markets may see a higher opening on the back of good global cues. SGX Nifty is also trading 40 points higher.

Indian Indices:

The key benchmark indices are likely to open higher tracking gains in Asia on encouraging comments from US Fed and China reforms. SGX Nifty is also trading 40 points higher.

On Thursday (November 14, 2013) Sensex closed at 20,399.42, up by 205.02 points, while the Nifty rose by 66.55 points to close at 6,056.15.

Global Market

Asian share markets crept cautiously higher on Monday (November 18, 2013), encouraged both by the prospect of extended stimulus in the United States and real economic reform in China.

US stocks rose on Friday (November 15, 2013) after weak US industrial production data preceded by dovish statements delivered by Federal Reserve Chair Nominee Janet Yellen to Congress on Thursday left many investors convinced stimulus tools will stay in place for the near future.

European shares rose back towards five-year highs on Friday (November 15, 2013), buoyed by media group Vivendi and prospects of a further dose of accommodative central bank policies that were tipped to keep the equity rally on track.

Major Headlines of the day

Bharti shifts focus in Africa from volume to value.

SAIL, RINL devising common marketing strategy.

HCL Infosystems to phase-off manufacturing biz.

You may also like...

Rules of Discussion on Markets set for a strong start on global support

1. This forum is for discussion of financial markets. Please respect others view even if they are contrary to you.
2. Member's comments should lead to value addition in forum discussion.
3. If anyone is found making repetitive Explicit/Abusive/Racial comments, his account shall be banned and old posts will be deleted.
4. Providing Advice/Recommendations/Tips is fine but it should be free. Members cannot ask to be paid for it. Paid Advice is strictly prohibited
5. Spam links are not allowed. Too much promotion or using Contact info in ID will lead to account ban.
IMP : Members are requested to flag any violations to keep Forum Clean.

Loading comments …