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Markets are likely to open positive tracking firm Asian cues.
Meanwhile, the Rajya Sabha on Monday approved a $20 billion scheme to distribute subsidised wheat and rice to 800 million people, backing an anti-malnutrition drive that investors fear will mean missing the fiscal deficit targe
At 800 hrs Indian Standard Time the SGX Nifty was up 13 points at 5,559.
Wall Street was shut yesterday on account of Labour Day.
Asian markets marked a second day of gains on Tuesday after a string of upbeat factory data around the globe boosted shares and most commodities, while a delay in a potential U.S. strike on Syria diminished the safe-haven appeal of gold and the yen.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.3 percent, building on Monday's 1.2 percent rise and on track for a fourth day of gains, and Japan's Nikkei stock average added 1.9 percent.
STOCKS TO WATCH
ONGC and Essar Oil have been shortlisted to bid for development of Iraq's $4.4 billion Nassiriya oil field and the construction of a new 300,000 barrels per day refinery.
Power Grid Corporation- led consortium has bagged a $21 million contract from Ethiopian Electric Power Service Corporation for undertaking its system upgrade.
SAIL has registered a 16 % growth in sales during the month of August this year at 10.86 lakh tonnes of steel products against 9.38 lakh tonnes in same period last year.
NTPC is likely to bid for two ultra mega power projects worth Rs 20,000 crore each in Odisha and Tamil Nadu.
Department of income tax has short-listed TCS to implement an IT upgrade project worth Rs 200 crore.
SBI has acquired additional 23% stake in Indonesian subsidiary Bank State Bank of India, Indonesia (BSBII) for undisclosed amount.
