– Indian markets opened weak today as global markets are trading weak. The government will give IIP (Index of Industrial Production) number today for the month of August. Sectors in IIP need to be understood before taking any decision. Citibank says, India is likely to grow at 7% in FY15.
– Infosys in focus ahead of its Q2 results today. Investors will look at Infosys’ commentary about changes in its strategy under the new CEO, Dr. Vishal Sikka. Oil Marketing Companies are in focus as Brent Crude Oil is expected to go beyond $90. BHEL gets few orders (Positive). Competition commission of India clears Jindal Steel acquisition of Welspun steel (Positive).
– The influential US monthly non-farms payroll data is due today. US markets went down over the weak European economy. Europe’s biggest economy, Germany, reported on Thursday, October 9, 2014 that its exports fell 5.8% in August, the worst decline since January 2009.