Markets may open higher despite mixed Asia trend

Indian Indices:

The key domestic benchmarks are likely to open higher today as traders return to their desks for the first time in three sessions. SGX Nifty is trading 32.50 points higher.

Q2 earnings from companies such as Maruti Suzuki, ICICI Bank, Bharti Airtel, HUL, Lupin, Sesa Sterlite, ACC and Ambuja Cements will drive markets this week.

However, Sensex may see some volatility this week ahead of the October futures & options (F&O) contract expiry on Thursday.

On a Auspicious Mahurat trading, the Indian markets closed on a positive note.The major heavyweight gainers RIL,ITC,Infosys,TCS,L&T.

On (Thursday 23, 2014) On Muhurat Trading Session, the Sensex ended up 64 points at 26,851 and the 50-share Nifty ended up 19 points at 8,015.

Global Market:

Asian equities rose on Monday, taking heart from upbeat earnings and U.S. economic data that eased recent global growth fears and sharpened risk appetite.

Shares in luxury goods group Kering and chemicals company BASF fell on Friday after business updates, while new worries about the Ebola virus also weighed on European stock markets.

 U.S. stocks closed out their best week in nearly two years on Friday, helped by earnings from Microsoft and Procter & Gamble and as concerns eased over the possible spread of Ebola in the United States.

Major Headlines of the day.

Tata Motors raises $ 750 mn in forex bond sale; gets better pricing.

TCS sees digital services as over $ 5-bn opportunity.

Ashok Leyland ties up with Bank of Maharashtra for CV finance.

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