Market may continue to rise on global support

The Indian markets are set to begin trade on a positive note led by positive global cues. SGX Nifty is trading 22.50 points higher.

Events for Thursday (January 16, 2014):

TCS, Axis Bank, HCL Technologies, Bajaj Auto, Bajaj Holdings, LIC Housing Finance and South Indian Bank

Indian Indices:

Today, the Indian markets may extend yesterday’s rally and open in the green zone tracking positive global cues. SGX Nifty is trading 22.50 points higher.

On Wednesday (January 15, 2014) Sensex closed at 21289.49, up by 256.61 points, while the Nifty rose 79.05 points to close at 6320.90.

Global Market

Asian stocks rose for a second day as better-than-projected bank earnings boosted investor confidence and drove US stock gauges to record highs.

US stocks rose on Wednesday (January 15, 2014), with the S&P 500 climbing to an all-time closing high after strong earnings from Bank of America and data signaled that the economy was improving.

European stock markets advanced for a fourth-straight day on Wednesday (January 15, 2014) after the World Bank said growth will pick up pace in 2014.

Major Headlines of the day

Unitech puts two hotels on block, eyes Rs 600 crore.

Jet Airways to relaunch New York flight.

JSW Steel promoter hikes stake marginally for Rs25 cr.

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