Markets expect a cautious start on weak Chinese PMI

Events for the day:

A-Group Results- Dish TV India, Indian Bank, Cairn India, Amara Raja Batteries, Bharti Infratel and L&T Fin. Holdings

Sasken, IDBI Bank, Dena Bank and Bank of India to quote interim dividend

Headlines for the day:

  • Indiabulls Housing Fin Q3 Net up 21% on core interest income
  • Raymond Q3 profit jumps over four-fold to Rs56.89 crore
  • Bharti Airtel, Vodafone ask govt to decide SUC before auction
  • Dabur Q3 net up 15.7% on strong volume, international business

Indian Indices:

The Indian stock markets are expected to start the trading on a cautious note on back of subdued global scenario. SGX Nifty is trading 15.50 points lower.

L&T, eClerx, Biocon, KPIT Technologies, Raymond and Indiabulls Housing Finance will be reacting to their Q3 numbers which was declared yesterday after market hours.

On Wednesday (January 22, 2014), the S&P BSE Se nsex closed at 21337.67, up by 86.55 points, while the Nifty rose 25.15 points to close at 6338.95

Global Indices:

Asian markets fell on Thursday after a survey of Chinese manufacturers showed surprisingly soft results, while the Australian dollar weakened due to its role as a whipping boy when activity in the Asian giant disappoints.

The S&P 500 closed flat on Wednesday as a mixed bag of corporate earnings failed to give investors the confidence to push equities higher with the index near record levels.

European shares edged up, led by robust results from Dutch technology firm ASML on Wednesday, but concerns about earnings across the broader market kept a lid on the day’s advance.

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