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Thursday, July 04, 2013

Flat to positive start likely


The Indian stock markets are expected to witness flat to positive start led by mixed global cues. SGX Nifty is trading 21.00 points higher.
Events for the day:
Kotak Bank, Canara Bank, Ashok Leyland, Bajaj Holdings, United Phosphorous, Bajaj Fi nserv, Atul Auto, Bajaj Auto, M&M Finance, Bajaj Finance to quote Final Dividend
Headlines for the day:
JSPL plans Rs12,000 cr investment this year
Alstom wins Rs208 crore BHEL contract
Portfolio Managers' AUM reaches record high of Rs6.2 lakh cr
Indian Indices:
The Indian equities are likely start the trading session on a flat yo positive note as the global cues look mixed. SGX Nifty is trading 21.00 points higher.
On Wednesday (July 03, 2013), the S&P BSE Se nsex wrapped trade at 19,177.76, down by 286.06 points and the Nifty fell by 86.65 points to settle at 5,770.90
Global Indices:
Asian stocks opened to little fanfare on Thursday with investors cautious as key events including the European Central Bank meeting and the U.S. non-farm payrolls report loomed.
Banking stocks dragged European shares lower on Wednesday, as political turmoil in Portugal drove Lisbon's bourse to its worst day in three years and threatened to reignite the euro zone crisis.
US stocks ended slightly higher in a volatile half-day session on Wednesday as traders squared positions before the holiday and Friday's job market data.