Markets set for a positive opening

Indian Indices:

After falling for a fifth straight session on Monday (December 16, 2013), today the global scenario looks favourable, which may result in the positive opening of the Indian markets. SGX Nifty is also trading 43.50 points higher.

On Monday (December 16, 2013) S&P BSE Sensex shed 56.06 points to close at 20659.52 while Nifty slipped 13.70 points to end at 6154.70.

Global Market

Japan’s Nikkei share average rose on Tuesday (December 17, 2013), recouping some of Monday’s losses as strong US manufacturing data lifted sentiment ahead of the U.S Federal Reserve’s policy meeting this week.

US stocks rose on Monday (December 16, 2013) after closing Friday their worst week since August as upbeat economic data from the United States and Europe boosted optimism ahead of a key Federal Reserve decision later in the week.

European shares rebounded on Monday (December 16, 2013) from a four-day losing streak, led by a rise in German equities that helped offset concerns over future US monetary policy.

Major Headlines of the day

CIL hikes prices of Western Coalfields coal by 10%.

TCS likely to bag outsourcing contract from Danish insurer Tryg.

India Inc raised $ 1.93 billion from abroad in Oct.

SGX Nifty

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