After just about managing to cross the 6200 mark, the Nifty is set to see some cooling today. Global cues are lackluster are investors await the US jobs data which was delayed by the government shutdown.
The opening is a flat start. Some profit-taking may be seen in counters which have sprinted in recent days. Wipro results will be out today and some activity will be seen in the counter in anticipation. Other results include Cairn and Yes Bank.
The rupee saw some weakness losing 25 paise to end lower at 61.52 to a dollar; the weakness may continue today. Dr. Raghuram Rajan, Governor, Reserve Bank of India said "while we project the CAD to come down to 3.7% this year, I think we could be pleasantly surprised. Not all the actions we have taken are pretty, and not all are sustainable, but they have done the job."
India’s GDP will probably grow by 5-5.5% this year – not great, but certainly not bad for what is likely to be a low point in economic performance, Rajan said.
Chinese property data is also due today. Japan's Nikkei is down a tad while Hong Kong's Hang Seng index has lost 0.60%. South Korea's Kospi is marginally lower and China's Shanghai is slightly down. The Dow Jones was down marginally while the Standard & Poor's 500 Index was flat. Nasdaq managed to add 5 points.
The Central Bureau of Investigation (CBI) will record a statement from Prime Minister Manmohan Singh in the controversial coal block allocation involving Birla group's Hindalco, according to reports.
HDFC and Zee Entertainment stock will be in focus post results.
HDFC has posted a net profit after tax of Rs. 12663.30 mn for the quarter ended September 30, 2013, while Zee Entertainment Enterprises Ltd has posted a net profit of Rs. 2279.80 million for the quarter ended September 30, 2013.
Etihad Airways, has expanded its code share agreement with Korean Air, South Korea’s largest airline, to include six new destinations.
The board of directors of Motherson Sumi Systems will consider issue of bonus shares on November 1. The board will also take on record the unaudited financial results for the quarter ended September 30, 2013, the company informed the BSE.
The opening is a flat start. Some profit-taking may be seen in counters which have sprinted in recent days. Wipro results will be out today and some activity will be seen in the counter in anticipation. Other results include Cairn and Yes Bank.
The rupee saw some weakness losing 25 paise to end lower at 61.52 to a dollar; the weakness may continue today. Dr. Raghuram Rajan, Governor, Reserve Bank of India said "while we project the CAD to come down to 3.7% this year, I think we could be pleasantly surprised. Not all the actions we have taken are pretty, and not all are sustainable, but they have done the job."
India’s GDP will probably grow by 5-5.5% this year – not great, but certainly not bad for what is likely to be a low point in economic performance, Rajan said.
Chinese property data is also due today. Japan's Nikkei is down a tad while Hong Kong's Hang Seng index has lost 0.60%. South Korea's Kospi is marginally lower and China's Shanghai is slightly down. The Dow Jones was down marginally while the Standard & Poor's 500 Index was flat. Nasdaq managed to add 5 points.
The Central Bureau of Investigation (CBI) will record a statement from Prime Minister Manmohan Singh in the controversial coal block allocation involving Birla group's Hindalco, according to reports.
HDFC and Zee Entertainment stock will be in focus post results.
HDFC has posted a net profit after tax of Rs. 12663.30 mn for the quarter ended September 30, 2013, while Zee Entertainment Enterprises Ltd has posted a net profit of Rs. 2279.80 million for the quarter ended September 30, 2013.
Etihad Airways, has expanded its code share agreement with Korean Air, South Korea’s largest airline, to include six new destinations.
The board of directors of Motherson Sumi Systems will consider issue of bonus shares on November 1. The board will also take on record the unaudited financial results for the quarter ended September 30, 2013, the company informed the BSE.
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