Markets are expected to open on a positive note tracking firm Asian shares and late-night rally in US stocks.
Global risk appetite after service-industry growth in the US improved and on speculation that the global central banks will continue stimulus measures. At 6:45AM IST, SGX Nifty traded up 20 points to 5,813.
Asian shares gained with Singapore's Straits Times adding 0.26% to 3,248 and Japan's Nikkei gaining 1.3% to 11,832.
Overnight, Dow Jones gained 125.95 points to 14253.77 while Nasdaq rose 42.10 points to end at 3224.13.
Stocks to Watch
Reliance Industries Ltd, country’s biggest oil refiner, may move after the company stopped supply of gas to 25 power plants from last Friday. With production from its Krishna-Godavari gas field (KG-D6) declining to 17.3 million standard cubic metres a day (mscmd), supply to fertiliser plants has also dropped.
GMR Infrastructure Ltd, which is reeling under a debt of Rs 37,000 crore, is planning to raise as much as Rs 10,000 crore by the end of the next financial year through asset sales to reduce the debt burden.
Hero MotoCorp may move ahead of its Gurgaon unit workers meeting with the management over wage talks .
