Indian stocks may track positive global trend at start

The Indian indices are likely to open in the green zone backed by global support. SGX Nifty is also trading 13.50 points higher.

A-Group results for Tuesday (February 11, 2014)

Indian Hotels, Aditya Birla Nuvo, Tata Steel, Dr Reddy’s Labs, HPCL and GMR Infrastructure

Indian Indices:

Today the global scenario looks favourable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 13.50 points higher.

On Monday (February 10, 2014) Sensex closed at 20334.27, down by 42.29 points, while the Nifty fell 9.75 points to close at 6053.45.

Global Market

Asian markets settled in for a session of consolidation on Tuesday as investors waited to hear the new head of the U.S. Federal Reserve’s outlook for the economy and policy, with most expecting a reaffirmation of the status quo.

US stocks ended with modest gains on Monday as investors digested recent market gains and looked ahead to new Federal Reserve Chair Janet Yellen’s first testimony before lawmakers.

European stocks steadied on Monday in thin trade, taking a breather after a two-session bounce, as investor’s awaited clarification on the pace at which the U.S. Federal Reserve plans to further trim stimulus.

Major Headlines of the day

SpiceJet to offer one lakh free seats in a lucky draw.

GVK to get more time to pay off gas loans.

Indian Bank okays conversion of PNCPS to allot shares to Centre.

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