Markets seen likely to open flat

Indian Indices:

The Indian benchmarks are likely to open on a flat note today, with a slight positive bias, as suggested by SGX Nifty that was trading flat. SGX Nifty is trading 6.00

points lower.

Investors are disappointed with RBI policy stance after apex bank left key rates unchanged in its bi-monthly policy review on December 2, 2014.

Indian shares fell for a second consecutive session on Tuesday, as software services exporters declined on rupee strength and as investors booked profits after the

central bank kept interest rates unchanged, although it signalled potential rate cuts by early 2015.

On (Tuesday 01, 2014), 30-share Sensex ended down 115.61 points at 28444.01 and the 50-share Nifty ended down 31.20 points at 8524.70.

Global Market:

Asian shares and the dollar got off to a steady start on Wednesday, while oil prices recovered after data showed a drop in U.S. supply.

Dow Jones industrial average closed at a record high with a 0.5% gain. The S&P 500 and Nasdaq Composite gained 0.6% each.

Energy sector rebound helps lift European share markets.

Major Headlines of the day:

Dalmia Bharat Sugar and Industries starts crushing operations

Board of Steel Exchange India approves scheme of amalgamation

iStreet Network opens 500 internet retail stores

SGX Nifty

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