Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 41.00 points higher.

Headlines for the day:

HCL Tech Q1 net at Rs1,873 cr, up 2.1% q-o-q

Tata Steel refinances $ 5.4-bn debt

Neyveli Lignite Corporation pays Rs422.78 crore as dividend

Indian Indices:

Indian shares are likely to open on a positive note, tracking support from global markets. SGX Nifty is trading 41.00 points higher.

Indian shares fell for a second co nsecutive session on Thursday as companies seen most exposed to the global economy such as Hindalco Industries and Sesa Sterlite declined tracking a downturn in global markets.

On Thursday (October 16, 2014), the S&P BSE Se nsex ended down 349.99 points at 25999 and the 50-share Nifty fell by 115.80 points at 7748.20.

Global Indices:

Asian stocks clawed back some of this week’s losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.

The S&P 500 and Nasdaq eked out slight gains on Thursday after another choppy session, as economic data eased fears about the potential effect of a weakening global economy on the United States.

European equities trimmed their losses late on Thursday after hitting a 13-month low on concern that global growth is slowing, and U.S. shares recovered following new releases of economic data and a Fed official’s comments on bond purchases.