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Monday, July 15, 2013

Markets may open flat; Inflation nos in focus

Indian markets are set to begin on a flat note led by mixed global cues. SGX Nifty is trading 3 points higher.

Events for today
Monthly Wholesale Price Inflation numbers to be announced

Results: Exide Industries and TTK Prestige to announce their first quarter results

JSW Steel, DB Corp, JK Cement and Tata Steel to quote Final Dividend

Indian Indices:

Today’s opening on the Dalal Street is expected to be on a flat note tracking mixed Global cues. SGX Nifty is trading 3 points higher.

Inflation numbers for the month of June will be out today. Investors will closely watch the numbers as it could have a bearing on domestic bourses.
On Friday (July 12, 2013) S&P BSE Sensex wrapped trade at 19958.47, up by 282.41 points while the NSE Nifty rose 73.90 points to settle at 6009.00
Asian stocks are flat on Monday (July 15, 2013) even after another robust performance on Wall Street, while commodities and major currencies were subdued as investors kept to the sidelines ahead of fresh economic data from China.
European financial markets were steady on Friday (July 12, 2013) while the dollar recovered against peers, as investors turned their attention to speeches from Federal Reserve officials in light of recent dovish comments from Fed Chairman Ben Bernanke.
US stocks rose for a seventh day, extending a record for the Standard & Poor’s 500 Index, as better-than-estimated bank earnings overshadowed a reduced profit forecast from United Parcel Service Inc.
Tata Steel Europe reports record 1.2 bn pounds loss
Lupin eyes 3-fold hike in revenues to $5 bn by 2018
Greaves Cotton launches high capacity pumps