 "Pre-Market: Positive opening likely")
Markets are expected to open on a positive note tracking gains in global indices.
Meanwhile, better-than-expected fourth quarter results by Reliance Industries late Monday will also support risk-on sentiments.
At 6AM IST, SGX Nifty traded down 14.00 points at 5682.00.
Overnight, US stocks rose after positive set of earnings from Coca-Cola and Johnson & Johnson improved the outlook for
first-quarter results.
Meanwhile, gold also rebounded after its record daily drop in dollar terms on Monday
The Dow Jones industrial average jumped 157.58 points, or 1.08 percent, to close at 14,756.78. The Standard & Poor's 500 Index gained 22.21 points, or 1.43 percent, to finish at 1,574.57. The Nasdaq Composite Index rose 48.14 points, or 1.50 percent, to end at 3,264.63.
Following stocks are expected to move today
Reliance Industries Ltd (RIL) on Tuesday exceeded market expectations by reporting a 32 per cent jump in net profit for the quarter ended March 2013, compared with the year-ago period, helped by an increase in refining margin.
The company’s gross refining margins (GRM) rose to $10.1 a barrel, from $7.6 in the corresponding quarter the previous year. But, compared to the December quarter, the GRM was flat.
Indian engineering and construction giant Larsen & Toubro (L&T) is close to winning a $800-million contract from Saudi
Aramco for building its upstream processing facilities for the Midyan field, as well as a 135-kilometre pipeline to transport gas to the power plant in Saudi Arabia.
State Bank of India will review its loan-to-value (LTV) ratio for gold loans on the back of a sharp fall in the price of the yellow metal in the past few days.
Power equipment maker Bharat Heavy Electricals Ltd (BHEL) may invest around Rs 1,300 crore towards R&D activities in the current fiscal, a senior official of the public sector undertaking said here today.
Crompton Greaves has been awarded a major contract for $60 million for the turnkey construction of four high voltage GIS substations by the electrical transmission project office of the ministry of electricity in Iraq.
Meanwhile, better-than-expected fourth quarter results by Reliance Industries late Monday will also support risk-on sentiments.
At 6AM IST, SGX Nifty traded down 14.00 points at 5682.00.
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Asian shares traded positive in opening deals after US CPI data strengthened the argument for the Federal Reserve to maintain its monetary stimulus in yo boost the U.S. economy.
Overnight, US stocks rose after positive set of earnings from Coca-Cola and Johnson & Johnson improved the outlook for
first-quarter results.
Meanwhile, gold also rebounded after its record daily drop in dollar terms on Monday
The Dow Jones industrial average jumped 157.58 points, or 1.08 percent, to close at 14,756.78. The Standard & Poor's 500 Index gained 22.21 points, or 1.43 percent, to finish at 1,574.57. The Nasdaq Composite Index rose 48.14 points, or 1.50 percent, to end at 3,264.63.
Following stocks are expected to move today
Reliance Industries Ltd (RIL) on Tuesday exceeded market expectations by reporting a 32 per cent jump in net profit for the quarter ended March 2013, compared with the year-ago period, helped by an increase in refining margin.
The company’s gross refining margins (GRM) rose to $10.1 a barrel, from $7.6 in the corresponding quarter the previous year. But, compared to the December quarter, the GRM was flat.
Indian engineering and construction giant Larsen & Toubro (L&T) is close to winning a $800-million contract from Saudi
Aramco for building its upstream processing facilities for the Midyan field, as well as a 135-kilometre pipeline to transport gas to the power plant in Saudi Arabia.
State Bank of India will review its loan-to-value (LTV) ratio for gold loans on the back of a sharp fall in the price of the yellow metal in the past few days.
Power equipment maker Bharat Heavy Electricals Ltd (BHEL) may invest around Rs 1,300 crore towards R&D activities in the current fiscal, a senior official of the public sector undertaking said here today.
Crompton Greaves has been awarded a major contract for $60 million for the turnkey construction of four high voltage GIS substations by the electrical transmission project office of the ministry of electricity in Iraq.