The persisting positive trend of Indian benchmark indices is likely to continue today. Indian markets, after a flat opening, trading in positive terrain. NSE's Nifty with nearly 0.40% upside, is trading above 5430 level. As per the technical analysis, it may go further up above 5447 level.Breaching this level may lift up Nifty to 5470-5500 level while below 5390, negativity may attract the index
AGRICULTURE: Paddy acreage tops 30 mln ha because transplantation has gained momentum in parts of central and north India as monsoon deficit has narrowed. (BL, Sat)
AUTO: The government is examining suggestions to increase excise duty on diesel cars, Minister of State for Finance S.S. Palanimanickam said. (NW18)
APAR INDUSTRIES: The company's board approves 47.5% stake buy in unlisted joint venture company. (NW18)
ASHOK LEYLAND: To roll out its completely electronically governed Neptune engine by end of this year. (BS)
US: Ended flat on Monday on profit taking after six straight weeks of gains.
ASIA: Equities were off highs as the European Central Bank quashing reports that it would buy back bonds to tackle the region's debt crisis prompted investors to book profits.
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