Indian stocks may open gap down

Indian Indices:

The Indian equities may start today’s trading session on a negative note on the back of weak Asian cues. The SGX Nifty is trading 103.00 points lower.

On Friday (January 24, 2014) Sensex closed at 21133.56, down by 240.10 points, while the Nifty fell 78.90 points to close at 6266.75.

Events for Monday (January 27, 2014):

A-Group Results- HUL, Shree Cement, Allahabad Bank, Adani Power, Adani Ports and Idea Cellular

Eight Infrastructure Industries

TCS and Supreme Industries to quote interim dividend

Global Market

Asian shares took a beating and the yen raced to a seven-week high against the dollar on Monday, as emerging markets remained under pressure with the US Federal Reserve poised to continue tapering its stimulus and tighter credit conditions in China raising fears of a slowdown.

US stocks dropped for a second day on Friday and the S&P 500 posted its worst week since June 2012 as a selloff in emerging market assets fed through to wholesale pullbacks in equities.

European stocks suffered their biggest one-day slide in seven months on Friday and erased what was left of their January rally, as concern about economies and currencies in Latin America sparked a bout of profit taking.

Major Headlines of the day

Piramal weighs options on 5% stake buy in Axis Bank.

Tata Motors MD Karl Slym dies in Bangkok hotel.

DLF Brands, Kiko to sign JV next month.

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