Markets head to a positive start; IIP data eyed: Sharekhan

According to a report by Sharekhan, the opening of the Dalal Street is going to be on a positive note led by positive Asian cues. SGX Nifty is also trading 18.50 points higher. Investors may remain cautious ahead of major economic events like IIP data which may give direction to the markets. Index for Industrial Production (IIP) data will be announced today (March 12, 2013).

Bothra Metals & Alloys initial public offering (IPO) opens today. The price band is Rs 25 per Equity share of face value Rs 10 each.

On Monday (March 11, 2013), the Sensex closed at 19646.21, down by 37.02 points while the Nifty closed at 5,942.35, fell by 3.35 points.

Asian markets are trading higher on Tuesday (March 12, 2013), following Wall Street's record close Overnight as growing confidence in the US economy overrode concerns in the euro zone, while the Yen slipped to fresh lows on speculation over imminent monetary easing.

European market ended mostly lower on Monday (March 11, 2013), after investors were rattled by a weak batch of Chinese data and a downgrade for Italy that came at the end of last week.

US stock indexes closed higher on Monday, with the broad S&P 500 stock index up for the seventh day in a row. 

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