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Pre-Market: Positive opening seen

Global cues positive with Asian markets mostly in the green

SI Reporter Mumbai
Last Updated : Apr 01 2013 | 8:41 AM IST
Markets are expected to open on a positive note tracking firm global cues.

Global risk appetite improved as Japanese manufacturers gained the most since the recovery from the 2011 earthquake, as expectations for more central bank easing drive down the yen and boost stocks.

At 6:10AM IST, SGX Nifty traded up 41.50 points to 5683.50.

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Asian shares traded mixed with Singapore's Straits Times falling 0.15% to 3,308.10 and Japan's Nikkei declining 0.4% to 12,350.31. Shanghai Composite index was up 0.01% to 2,236.

The S&P 500 set a record closing high on Thursday, finishing a fifth consecutive month of gains to extend a four-year long rally. Dow Jones gained 52.38 points to 14578.54 while Nasdaq rose 11 points to end at 3267.52.

Following stocks are expected to move today

Country's second largest private sector lender HDFC Bank will begin charging its customers from tomorrow for its InstaAlert SMS service, under which the bank provides real-time alerts on account activities.

State-run telecom company MTNL has raised Rs 1,005 crore through bonds backed by sovereign guarantee from institutional investors.

Jindal Steel and Power's (JSPL's) bid to acquire a majority stake in Gujarat NRE Coke's Australian subsidiary has not been successful, with the company managing to acquire only 31.49% stake at the end of its open offer.

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First Published: Apr 01 2013 | 8:29 AM IST

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