Markets set for a positive start

The opening on the Dalal Street is expected to be in the green zone tracking positive Asian cues. SGX Nifty is trading 19.00 points higher.

Events for Thursday (February 06, 2014)

A-Group results- ACC, Reliance Infrastructure, Ambuja Cement, MRF, Aurobindo Pharma, BoB, Central Bank, Reliance Power and 
Gujarat State Petronet

Indian Indices:

Today’s opening is likely to be on a positive note on account of gains in the Asian markets. The trading may continue to remain cautious owing to worries over global economy ahead of the non-farm US payroll data due tomorrow.

Yesterday, India’s NSE index ended higher as blue chips such as Tata Motors recovered on value-buying after the index had  fallen in seven out of eight previous sessions to mark their lowest in nearly four months. The BSE Sensex rose 0.24% and NSE  Nifty was up by 0.36%.

On Wednesday (February 05, 2014) Sensex closed at 20261.03, up by 49.10 points, while the Nifty rose 21.50 points to close at 6022.40.

Global Market

Asian shares took a tentative step forward on Thursday as investors remained wary after the recent sell off in emerging  markets raised concerns about the global economic outlook.

US stocks ended Wednesday’s choppy session lower as investors were unable to shrug off worries over the economy.

European stock markets posted the first winning session in four on Wednesday, with drug makers and banks helping out, but  sentiment was dogged by weak euro-zone retail sales and renewed selling on Wall Street.

Major Headlines of the day

Bajaj Auto set to launch indigenous car in 2 years.

Maruti eyes greater play in bigger vehicles.

Mahindra to introduce 3 new platforms by 2017.

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