Bulls may ring the opening bell for Indian markets

The Indian stock markets are expected to open on a positive note as the global cues look supportive. SGX Nifty is trading 24.00 points higher. Events for the day: ABB will quote final dividend. Results: Dabur India, Marico, Petronet LNG and Godrej Consumer will announce their quarterly results today. Headlines for the day: Bosch posts 23% fall in net profit in Jan-Mar Sterlite smelter to stay shut for now after court change IOB hits 4-year low as bad loans rises sharply in Q4 MCX-SX to start 'SX40' derivatives from mid-May Indian Indices: The Indian equities are likely to start the trading session on a positive note as the global cues look supportive. Majority of the Asian markets are trading higher. Investors will remain cautious as the Q4 earnings season has now started in full swing with mixed kitty of earnings. SGX Nifty is trading 24.00 points higher. On Monday (April 29, 2013), the S&P BSE Sensex wrapped trade at 19387.50, up by 100.78 points while the NSE Nifty rose 32.65 points to settle at 5904.10. Global Indices: Asian shares edged higher on Tuesday as hopes for political stability in Italy and expectations for global central banks to continue their growth-supporting monetary stimulus bolstered investor risk appetite. European shares rose on Monday, boosted by the formation of a new, growth-focused government in Italy and by expectations of fresh stimulus from global central banks. The S&P 500 index ended at an all-time high on Monday as growth-oriented stocks, including energy and technology, lead the way to the index's sixth rise in the past seven sessions. Daily trend of FII/MF investment in equities: The FIIs have been the net buyers of the Indian stocks to the tune of Rs303.40 crore on April 26, 2013. The domestic investors sold the Indian shares worth a net of Rs142.90 crore on April 26, 2013.The data is as per the SEBI website. Commodity Cues: Crude Oil price rose on Monday (April 29, 2013).