Markets are expected to open tad higher today but further gains could be capped as investors may remain cautious ahead of the Reserve Bank of India’s monetary policy tomorrow.
At 8:15AM, the SGX Nifty was up trading flat at 5,917.
According to the technical charts, "Key momentum oscillators are in favour of the bears, hence the markets may face downward pressure in the near term. On Monday, the Nifty may seek support around 5,855-5,840, while face resistance around 5,915-5,935."
Meanwhile Asian shares dropped in early trades on expectations of dovish comments from the US Federal Reserve after a policy review this week.
Among the key Asian indices, Japan’s Nikkei was down 2% to 13,880.
On Friday, US stocks ended higher on expectations of stimulus.
The Dow Jones Industrial Average rose 3.22 points, or 0.02 percent, to end at 15,558.83. The Standard & Poor's 500 Index gained 1.40 points, or 0.08 percent, to finish at 1,691.65. The Composite Index advanced 7.98 points, or 0.22 percent, to close at 3,613.16.
Domestically, in the earnings calendar we have Colgate Palmolive, IDFC set to unveil their first quarter results later today.
Following stocks are expected to move on the exchanges today:
Coal India Ltd (CIL) has signed fuel supply pacts with NTPC's 16 power plants and joint ventures, while 11 more agreements with the power major and its JVs are being processed.
As part of its cost cutting exercise, RP Sanjiv Goenka group flagship company CESC is set to get delisted from London Stock Exchange (LSE). The market of the company's shares in UK has practically frozen and the dealings in the shares in recent years has been very low.
Wipro on Friday posted a net profit of Rs 1,081.2 crore,up 20.8% from the same period last year. The company's revenue was reported at Rs 8,741 crore compared to Rs 8,314 crore, up 5.1%.
Private power utility JSW Energy today posted a higher net profit of Rs 214.26 crore in the three months ended June 2013, primarily driven by higher income. The Sajjan Jindal-led company had a net profit of Rs 3.41 crore in the year-ago period.
RPG Life Sciences today reported over 19-fold increase in net profit at Rs 54.69 crore for the first quarter ended June 30, 2013. The company had posted a net profit of Rs 2.79 crore during the same period of previous fiscal.
Mahindra Lifespace Developers, the realty arm of Mahindra Group, today said it has entered into a joint venture with a investment arm of UK's Standard Chartered Bank to develop residential properties in the country.
At 8:15AM, the SGX Nifty was up trading flat at 5,917.
According to the technical charts, "Key momentum oscillators are in favour of the bears, hence the markets may face downward pressure in the near term. On Monday, the Nifty may seek support around 5,855-5,840, while face resistance around 5,915-5,935."
Meanwhile Asian shares dropped in early trades on expectations of dovish comments from the US Federal Reserve after a policy review this week.
Among the key Asian indices, Japan’s Nikkei was down 2% to 13,880.
On Friday, US stocks ended higher on expectations of stimulus.
The Dow Jones Industrial Average rose 3.22 points, or 0.02 percent, to end at 15,558.83. The Standard & Poor's 500 Index gained 1.40 points, or 0.08 percent, to finish at 1,691.65. The Composite Index advanced 7.98 points, or 0.22 percent, to close at 3,613.16.
Domestically, in the earnings calendar we have Colgate Palmolive, IDFC set to unveil their first quarter results later today.
Following stocks are expected to move on the exchanges today:
Coal India Ltd (CIL) has signed fuel supply pacts with NTPC's 16 power plants and joint ventures, while 11 more agreements with the power major and its JVs are being processed.
As part of its cost cutting exercise, RP Sanjiv Goenka group flagship company CESC is set to get delisted from London Stock Exchange (LSE). The market of the company's shares in UK has practically frozen and the dealings in the shares in recent years has been very low.
Wipro on Friday posted a net profit of Rs 1,081.2 crore,up 20.8% from the same period last year. The company's revenue was reported at Rs 8,741 crore compared to Rs 8,314 crore, up 5.1%.
Private power utility JSW Energy today posted a higher net profit of Rs 214.26 crore in the three months ended June 2013, primarily driven by higher income. The Sajjan Jindal-led company had a net profit of Rs 3.41 crore in the year-ago period.
RPG Life Sciences today reported over 19-fold increase in net profit at Rs 54.69 crore for the first quarter ended June 30, 2013. The company had posted a net profit of Rs 2.79 crore during the same period of previous fiscal.
Mahindra Lifespace Developers, the realty arm of Mahindra Group, today said it has entered into a joint venture with a investment arm of UK's Standard Chartered Bank to develop residential properties in the country.
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