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Markets are likely to see a soft opening on account of weak global cues. At Indian time, 8:20am, the SGX Nifty was up 30 points at 5,960.
On the macro front, the cabinet will consider a finance ministry proposal to borrow an additional USD 4.3 billion from an arm of the World Bank, according to a cabinet agenda document.
Overnight, U.S. stocks closed higher, with the S&P 500 up for a seventh straight day, as geopolitical fears eased amid diplomatic efforts to allow Syria to surrender its chemical weapons, averting a U.S. military strike.
The Nasdaq composite index ended slightly lower on a sell-off of Apple shares.
The Dow Jones industrial average was up 0.89 percent, at 15,326. The Standard & Poor's 500 Index was up 0.30 percent, at 1,689. The Nasdaq Composite Index was down 0.11 percent, at 3,725.
Asian shares eked out small gains and the dollar remained under pressure on growing expectations that the U.S. Federal Reserve's impending stimulus reduction might be smaller than some had believed.
MSCI's broadest index of Asia-Pacific shares outside Japan managed a gain of about 0.1 percent, while Japan's Nikkei stock average added 0.2 percent.
Stocks to Watch
Keep a watch on UltraTech which has acquired Jaypee Group's cement unit in Gujarat, including debt, for Rs 3,800 crore.
IDFC is likely to see some gains after the Reserve Bank lifted restrictions placed on FIIs on purchasing shares as the foreign shareholding in the company had gone below the prescribed limit.
Jet Airways is likely to react to the fact that the company would have to develop Abu Dhabi as an exclusive hub for flights to North America, South America, Africa and the United Arab Emirates, according to the final CCA signed with Etihad Airways.
SpiceJet too will be in spotlight as the airline becomes the first Indian aviation company to begin a pilot project to directly import aviation turbine fuel.
Power Grid Corporation may see some price action as the company is planning a capex of Rs 20,000 crore per year for the next five years into the power transmission sector.
