Markets may open in red terrain

Indian Indices:

The opening on the Dalal Street is likely to be on a weak note led by negative Asian cues. SGX Nifty is also trading 37.50 points lower.

On Monday (November 25, 2013) Sensex closed at 20,605.08, up by 387.69 points, while the Nifty rose by 119.90 points to close at 6,115.35.

Global Market

Japanese stocks fell on Tuesday (November 26, 2013), failing to hit a new high for the year, while the Australian dollar picked up after the Reserve Bank of Australia dampened speculation that it’s close to intervening in the currency markets.

US stock rose, as the nuclear agreement reached with Iran over the weekend provided the impetus for further record highs.

European shares headed towards a five-year high and Germany’s DAX set a new record on Monday (November 25, 2013), with airline stocks and French car makers getting buoyed by the nuclear deal between Iran and world powers.

Major Headlines of the day

Lupin looks to brands, new markets for growth.

M&M pips Bajaj Auto in market cap league tables.

Jet Airways, SpiceJet to clear AAI dues partly.

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