Indian stocks signal lower opening

Indian Indices:

The Indian markets may open on a negative note led by negative Asian peers. SGX Nifty is also trading 13.00 points lower.

On Monday (November 18, 2013) Sensex closed at 20,850.74, up by 451.32 points, while the Nifty rose by 132.85 points to close at 6,189.00.

Global Market

Asian shares slipped back from a two-week high on Tuesday (November 19, 2013) after the previous session’s hefty gains on China’s economic reform plans, while the dollar was on the defensive on expectations the Federal Reserve will keep its stimulus a little longer.

US stocks fell after the Dow Jones Industrial Average rose above 16,000 for the first time, spurring concern that equities have risen too far, too fast.

German utilities pushed European shares to fresh highs on Monday (November 18, 2013), while equity investors were encouraged by data showing an improved economic outlook for the region and the continued supply of cheap funds.

Major Headlines of the day

ABG Shipyard may get debt restructured before end-December.

Videocon Telecom aims to ramp up subscriber base.

Mindtree appoints heads for high-tech vertical, Europe sales.

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