Markets set for a positive opening: Inflation nos in focus

The Indian indices are likely to open in the green zone backed by global support. SGX Nifty is also trading 33.50 points higher.

Events for Friday (February 14, 2014)

Wholesale Price Inflation data

A-Group results- Britannia Inds, Nestle India, M&M, Unitech, SBI, MMTC, SAIL, CRISIL, Financial Tech, Suzlon Energy, RECL, Pipavav Defence and Gitanjali Gems

Indian Indices:

Today the global scenario looks favourable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 32.50 points higher.

On Thursday (February 14, 2014) Sensex closed at 20193.35, down by 255.14 points, while the Nifty was down 82.90 points to close at 6001.10.

Global Market

Asian shares rose on Friday while the US dollar struggled to regain traction after downbeat US economic data pushed it to a nearly three-week low against the euro.

US stocks advanced on Thursday, erasing earlier declines as investors discounted weaker-than-expected data on consumer spending and the labor market, but a disappointing outlook by Cisco Systems kept gains in check on each of the major indexes.

European shares inched lower in early trade on Thursday, halting their week-long rally, with Nestle falling after warning about its sales outlook.

Major Headlines of the day

TCS tries to maneuver skill issues with shift to digital.

L&T Infotech in active talks for acquisition.

Thomas Cook likely acquire 74.9% shares in Sterling Holiday Resorts.

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