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Asian stocks were trading mixed after sharp gains recently as investors turned cautious ahead of the US jobs
data later today.
The Nikkei and Straits Times were trading flat with a positive bias while Shanghai Composite and Hang Seng
were marginally down.
At 8:10AM, the SGX Nifty was down 28 points at 6,207
Key US share indices ended flat amid profit taking after recent gains and weak fourth quarter outlook from McDonalds. Meanwhile,investors remained cautious ahead of the jobs data on Tuesday which was postponed on account of the government shutdown.
The Dow Jones ended down 7 points at 15,392, the S&P 500 ended up 0.2 points at 1,745 and the Nasdaq gained 6 points
to end at 3,920.
Stocks in focus
Asian Paints will see buying after the company reported an increase of 36.66% in consolidated net profit at
Rs 326.84 crore for its second quarter ended September 30.
Karnataka Bank may see some action after the bank reported 75.3% dip in its net profit for the second
quarter ended September of 2013-14 at Rs 28.95 crore due to higher provisions and contingencies.
TCS may see some buying after the IT major reported that it has won a multi-million dollar deal from
leading rail vehicles maker Bombardier Transportation.
NHPC may see some action on reports that its board will consider a proposal to buy back equity shares
at a meeting this week.
Tata Steel may gain Tata Steel on reports that the company has won a new contract to supply Britain's Network Rail
with more than 95 percent of its rails for at least five years.
Cairn India and Wipro will be in action ahead of their respective Q2 earnings later today
