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Thursday, August 08, 2013

Dalal Street expects a positive start

Indian markets may rise at start led by positive Asian cues. SGX Nifty is trading 9.50 points higher.

Events for today
Results: Adani Enterprises, Bharat Forge, IRB Infra, Jet Airways and Rural Electrification Corp to announce quarterly results
Indian Indices:
Today, the opening on the Dalal Street is expected to be on a positive note as the Asian cues look supportive. SGX Nifty is also trading 9.50 point higher.
On Wednesday (August 07, 2013) Sensex shed 68.16 points to close at 18664.88 while Nifty slipped 23.15 points to end at 5519.10.
Global Market
Asian stocks on Thursday (August 08, 2013) rebounded from the previous day’s sharp losses, with strong earnings from Australia’s Telstra Corp. helping lift Sydney shares, while those in Tokyo gained ahead of the Bank of Japan’s policy decision.
US stocks on Wednesday (August 07, 2013) fell for a third day, as uncertainty over the timing of cuts in the Federal Reserve’s monthly bond buys had equities retreating from recent highs.
European stock traded mostly lower on Wednesday on concerns about the timing of tapering in the US, while UK stocks slumped after the Bank of England wasn’t as dovish as hoped in its inflation report.
Major Headlines of the day
L&T bags Rs646.56-cr lift irrigation contract in Odisha.
Fin services firms buys Strides Arcolab scrips worth Rs66 cr.
Emami to invest Rs1,000 crore in cement, hospital biz in Bengal.