Markets end flat ahead of Infosys earnings - Cholamandalam Securities

Benchmark indices ended on a positive note amid volatile trade, as investors remained cautious ahead of Infosys 2QFY14 earnings, while the broader markets outperformed the benchmark indices.

Global risk appetite remained buoyant amid hopes of some progress on US debt ceiling discussions.

The Indian rupee strengthened amid weak dollar and on reports that government is in serious talks to include Indian bonds in JP Morgan bond index.

Shares of Auto companies surged ahead of festive season and on expectations recent actions on interest rates by banks, should help improve sales of auto companies.

Tata Motors' ended higher on expectations JLR will report strong volumes over the next few months led by start of dispatches of new RR sport.

India FDI outflows in September 2013 slowed to ~USD 1.3bn from ~USD 1.9bn in August 2013.

Amongst the sectoral indices Auto, Metal, IT Healthcare ended higher, while Banking, Oil & Gas and FMCG ended marginally lower.

Source : Equity Bulls

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