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Monday, February 17, 2014

Dalal Street expects a positive start

Indian Indices:
Today the global scenario looks favorable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 17.00 points higher.
On Friday (February 14, 2014) Sensex closed at 20366.82, up by 173.47 points, while the Nifty was up 47.25 points to close at 6048.35.
Global Market
Asian shares extended their recent rally on Monday as worries about emerging markets continued to ebb, dragging down the U.S. dollar while giving commodities a lift.
US stocks closed higher on Friday, with major indexes notching a second straight week of gains as investors were once again willing to overlook some soft economic data stemming from bad weather.
Europe market ended higher after better-than-expected growth in industrialised nations of Germany and France helped the Euro zone grow 0.3% in the fourth quarter ended December 2013 compared to the third quarter.
Major Headlines of the day
ONGC to raise gas output to 100 mmscmd by 2017-18.
NTPC to lay foundation stone of 1,600 MW project in MP.
Eicher targets more exports; 15% of total sales within 5 yrs.