Market may open flat to slightly lower

The market may open flat to slightly lower tracking weak Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 4.50 points at the opening bell. The stock markets remained closed on Monday, 4 November 2013, on account of Diwali-Balipratipada.

Markit Economics will unveil the results of a monthly survey on the performance of India's services sector for October 2013 today, 5 November 2013. The HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, slipped from 47.6 in August 2013 to 44.6 in September 2013, its weakest since April 2009. That marked its straight third reading below 50, the threshold between growth and contraction.

Key benchmark indices hit record closing high on the occasion of a special live trading session held on Sunday, 3 November, 2013 by the stock exchanges on account of Muhurat trading on Diwali to mark the beginning of the new Samavat Year 2070. The S&P BSE Sensex was up 42.55 points or 0.2% to 21,239.36 on that day, which is a record closing high.

Foreign institutional investors (FIIs) bought shares worth a net Rs 3.98 crore on Sunday, 3 November 2013, as per provisional data from the stock exchanges.

Asian stocks fell for the fourth day on Tuesday, 5 November 2013. Key benchmark indices in China, Japan, Hong Kong, Taiwan, Indonesia, and South Korea shed 0.16% to 0.86%. Singapore's Straits Times rose 0.3%.

China's leaders will meet in Beijing Nov. 9-12 to map out economic policies as the country heads for its slowest annual growth in more than two decades.

US stocks ended higher in light trading volume on Monday, 4 November 2013 as investors were reluctant to make big bets with S&P 500 index just below the all-time closing high.

At the end of the week, the US will release its nonfarm payrolls figures for October month-a key economic indicator that has been watched closely in recent months to see whether the US Federal Reserve will roll back its bond-buying program.

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