Markets to struggle for direction at start

Indian Indices:

The Indian equities may begin today’s trading session on a flat note tracking mixed global cues. SGX Nifty is trading 23.00 points lower.

On Thursday (December 19, 2013) S&P BSE Sensex shed 151.24 points to close at 20708.62 while Nifty slipped 50.50 points to end at 6166.65.

Global Market

Asian shares are trading mixed on Friday (December 20, 2013), though investors were reassessing the Federal Reserve’s policy outlook following its decision this week to start tapering stimulus, with a more circumspect session on Wall Street overnight.

US stocks finished mostly flat on Thursday (December 19, 2013) as investors paused after a rally in the previous session, though the Dow closed at its second record high in a row.

European shares posted their biggest one-day gain in three months on Thursday (December 19, 2013) after the US Federal Reserve unveiled plans to phase out its stimulus plan more gently than many had expected in the face of a stronger economy.

Major Headlines of the day

RIL gets gas pricing breather, subject to bank guarantee.

IDFC not eligible for bank licence as foreign holding exceeds 50%.

Canara Bank gets nod to open branch in New York.

SGX Nifty

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