Indian stocks may open in red on weak global cues

Indian Indices:

The Indian equities may start the third trading session of the week on a negative note on the back of weak Asian and European cues. SGX Nifty is also trading 19.50 points lower.

On Tuesday (November 19, 2013) Sensex closed at 20,890.82, up by 40.08 points, while the Nifty rose by 14.35 points to close at 6,203.35.

Global Market

Asian shares declined on Wednesday (November 20, 2013) after Federal Reserve Chairman Ben Bernanke assured markets that interest rates would remain low for some time to come.

US stocks pulled back on Tuesday (November 19, 2013), as investors showed caution after the Dow Jones Industrial Average and S&P 500 failed to hold above milestone levels in the prior session.

European stock markets dropped on Tuesday (November 19, 2013), retreating from multiyear highs after a gauge of German economic confidence fell short of expectations and the Organization for Economic Co-operation and Development cut its global growth forecast.

Major Headlines of the day

Ashok Leyland plans to merge wholly-owned subsidiary with itself.

DLF beats slowdown in realty market with 138% sales jump.

Dish TV to weed out unwanted channels under new scheme.

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