Markets are likely to mirror cues from global peers and open in the green this morning. Among the major companies to announce their results this week are Larsen and Toubro, Cairn India, Hindustan Unilever and Maruti Suzuki.
After a mostly flat trading day, the Dow and S&P 500 climbed during the last hours of trading Friday to finish the week at their highest levels since December 2007.
In Asia, Bank of Japan holds a two-day meeting on interest rates in Japan on 21 and 22 January 2013. The Nikkei has shed 99 points at 10,813. Kospi and Taiwan Weighted are also in the red this morning. At 700 hrs IST the SGX Nifty was up 5 points at 6,081.
In individual stocks, ONGC Videsh Ltd, the foreign investment arm of state-owned Oil and Natural Gas Corp, has discovered oil on an onland block, CPO-5, in Colombia, it said in a statement on Sunday. The parents company's shares may come into focus today.
TTK Prestige has reported close to 28 per cent jump in net profit to Rs 44.10 crore for the third quarter of FY13 as compared to Rs 34.57 crore during the corresponding previous quarter.
Watch out fo Cairn India as an environment ministry panel has approved Cairn Energy India’s proposal to increase crude oil production capacity from its Mangala Processing Terminal in Rajasthan.
FMCG major Colgate-Palmolive India on Friday said company management is still in discussions to resolve issues with one of the unions at Goa facility, where work has been temporarily stopped since January 6.
Moreover, RIL's turnover in the retail segment grew 44 per cent in the third quarter to Rs 7,749 crore. According to market expert Ambreesh Baliga, RIL will lead the markets in the next leg of the rally.
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