 "Markets likely to open positive on firm global cues")
Benchmark indices are expected to commence the week on a positive note tracking firm cues from the global peers as the financial world cheered Chinese Central Bank’s interest rate cut for the sixth time in almost a year.
The early indicator SGX Nifty is trading 0.5% higher. On Friday, the 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295 after the European Central Bank (ECB) said that it would inject more stimulus.
Meanwhile, market is expected to remain volatile as traders roll over positions in the futures and options segment from the near month October series to November series. The derivatives expiry is on Thursday, October 29.
Among a host of companies announcing their quarterly results today, Bharti Airtel and HDFC would be in focus.
GLOBAL MARKETS
Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates to shore up faltering growth in the world's second-largest economy.
Japan's Nikkei .N225 rose 1% to a two-month high while South Korea's Kospi .KS11 gained 0.2% and the Australian shares edged up 0.3%. Shanghai Composite is up nearly 1%
On Wall Street, S&P 500 Index .SPX rose 1.1% to turn positive on the year, while the tech-heavy Nasdaq jumped 2.3 % IXIC.
STOCKS IN FOCUS
Asian Paints: Asian Paints reported a consolidated net profit of Rs 399 crore for the second quarter ended September 30, on account of increase in net sales.
Jet Airways : A British judge has dismissed private carrier Jet Airways' appeal against a 15,000 euro fine for failure to comply with the European Union's emissions targets, said a media report.
Force Motors: The company posted a 65.35 per cent rise in its net profit at Rs 42.48 crore for the second quarter ended September 30, 2015.
TCS: The IT major forms partnership with Symantec for analytics-driven security services.
Reliance Infrastructure arm Mumbai Metro One (MMOPL) has said that in the first year of operations of the Mumbai Metro rail, the cash shortfall at the fare slab of Rs 10 to Rs 40 will be worth Rs 220 crore
The early indicator SGX Nifty is trading 0.5% higher. On Friday, the 30 share Sensex ended up 183 points at 27,470 and the 50-share Nifty gained 44 points to close at 8,295 after the European Central Bank (ECB) said that it would inject more stimulus.
Meanwhile, market is expected to remain volatile as traders roll over positions in the futures and options segment from the near month October series to November series. The derivatives expiry is on Thursday, October 29.
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RESULTS CORNER
Among a host of companies announcing their quarterly results today, Bharti Airtel and HDFC would be in focus.
GLOBAL MARKETS
Asian stocks on Monday were close to wiping out all their losses since China's shock currency devaluation in August, as global equities rallied after the Chinese central bank cut rates to shore up faltering growth in the world's second-largest economy.
Japan's Nikkei .N225 rose 1% to a two-month high while South Korea's Kospi .KS11 gained 0.2% and the Australian shares edged up 0.3%. Shanghai Composite is up nearly 1%
On Wall Street, S&P 500 Index .SPX rose 1.1% to turn positive on the year, while the tech-heavy Nasdaq jumped 2.3 % IXIC.
STOCKS IN FOCUS
Asian Paints: Asian Paints reported a consolidated net profit of Rs 399 crore for the second quarter ended September 30, on account of increase in net sales.
Jet Airways : A British judge has dismissed private carrier Jet Airways' appeal against a 15,000 euro fine for failure to comply with the European Union's emissions targets, said a media report.
Force Motors: The company posted a 65.35 per cent rise in its net profit at Rs 42.48 crore for the second quarter ended September 30, 2015.
TCS: The IT major forms partnership with Symantec for analytics-driven security services.
Reliance Infrastructure arm Mumbai Metro One (MMOPL) has said that in the first year of operations of the Mumbai Metro rail, the cash shortfall at the fare slab of Rs 10 to Rs 40 will be worth Rs 220 crore