Positive global cues may push markets higher

Indian Indices:

After recording biggest fall in 2 months and dragging NSE Nifty below 6000 mark yesterday, today on the last trading day of the week, the opening on the Dalal Street is going to be on a strong note tracking positive global cues. SGX Nifty is also trading 12 points higher.

On Thursday (November 21, 2013) S&P BSE Sensex shed 406.08 points to close at 20229.05 while Nifty slipped 123.85 points to end at 5999.05.

Global Market

Asian stocks moved higher on Friday (November 22, 2013) as positive political and economic news from the US supported sentiment, while Hong Kong-listed Chinese companies were the best performers for the week.

US stocks rose, sending the Dow Jones Industrial Average to its first close above 16,000, as data showed improvement in the job market and companies including Union Pacific Corp., Johnson Controls Inc. and Ace Ltd. said they would repurchase shares.

European shares edged lower on Thursday (November 21, 2013) as worries resurfaced over an eventual scaling back of US economic stimulus measures, but the Spanish and Italian markets outperformed.

Major Headlines of the day

TCS to give out campus offers to 25,000 people by February.

Dabur to buy facility of its third-party vendor.

Tata Power scouts for local partner for Vietnam project.

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