– Indian markets are expected to trade on a higher note today on behalf of better than expected CPI data and good earning results. Metal and mining stocks edged higher after better-than-expected Chinese September trade data.
– European stocks staged a strong rebound after a weak opening as Federal Reserve policy makers said over the weekend at the International Monetary Fund’s annual meetings in Washington that a global slowdown could slow the US expansion and will make them to delay raising US interest rates, which is good for India as FII will not sell their Indian holdings. Europe today will give its Industrial production data.
– RIL is expected to surged higher from present levels on behalf of robust earning data. RIL’s gross refining margins (GRM) edged up to $8.3 a barrel in Q2 September 2014, from $7.7 a barrel in Q2 September 2013. The GRM was lower than $8.7 a barrel in Q1 June 2014. Bajaj Auto, Bajaj Finserv, and Bajaj Finance are scheduled to announce their Q2 September 2014 earnings today.