Cues to note before Indian stock markets open on Jan 13

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Cues to note before Indian stock markets open on Jan 13
Markets are expected to open higher on the back of strong cues from Asia. Markets across the region have rallied on the back of lower than expected US non farm payrolls data in the US, which raises expectation that the Federal Reserve would not taper QE3 ahead of its policy meet later this month.

The SGX Nifty is up 27 points, while most of the Asian markets are trading in the green. The Seoul Composite is up 10 points, but the star in trade is the Jakarta Composite which is up 2.24 per cent.

In individual stock action, it would be interesting to watch the movement in Infosys, a day after the company declared its results. The stock was up almost 3 per cent on Friday.

Also, one can keep an eye on Exide Industries and Reliance Industrial Infrastructure, both of which are slated to declare their results today.

Banking stocks may also see some action after Indusind Bank's NPA's saw a slide in banking stocks on Friday. Also, watch out for Reliance Industries after the government notified the new gas pricing formula.

Tata Motors will also be in action after its Jaguar Land Rover division reported record sales volume.

Story first published: Monday, January 13, 2014, 8:36 [IST]
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