 "10 things you need to know before the opening bell")
Global cues
US stocks finished mostly flat on Friday, though a rally in Amazon.com shares a day after the online retailer’s results helped boost the Nasdaq. (Reuters)
Japanese stocks fell on Monday morning, underperforming other Asian markets as the yen hit a one-month high against a dollar hamstrung by expectations of dovish comments from the U.S. Federal Reserve after a policy review this week.
The dollar was on the defensive in Asia on Monday as investors braced for an event-packed week that includes central bank meetings in the United States and Europe, manufacturing data from China and U.S. growth and jobs figures.
Gold edged lower on Monday after three weeks of gains as investors awaited a key Federal Reserve policy meeting this week for guidance on when the central bank would begin to scale back its stimulus. Spot gold fell 0.3 percent to $1,328.86 an ounce by 5:45a.m, after a 3 percent gain last week. US gold gained almost $8 to $1,329.00.
Stocks in news
Jet Airways, as the FIPB is expected to take up today the company’s stake deal with Etihad Airways.
Wipro, after the earnings that lagged forecast. The company’s guidance, however, came in as a positive surprise.
Sesa Goa, as the company is expected to come out with its earnings today.
Bank stocks will be in focus today ahead to the RBI’s policy review meeting tomorrow.
DLF, after the Business Standard reported that the value of its Aman Resorts, which the company has put on the block in order to reduce its debt, may take a knock due to the economic slowdown.
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Stock trading. AFP[/caption]
Policy/Economy news
Pirme Minister Manmohan Singh to hold a meeting with the industry captains today to discuss, among other things, the rupee’s decline against the dollar and the widening of the current account deficit.