Markets may see a positive opening

Indian Indices:

The indices across the globe look supportive today and may lead Indian markets to trade higher in the opening session. SGX Nifty is also trading 24 points higher.

On Friday (November 22, 2013) S&P BSE Sensex shed 11.66 points to close at 20217.39 while Nifty slipped 3.60 points to end at 5995.45.

Global Market

Asian markets were higher on Monday (November 25, 2013), as the yen’s continued weakness boosted shares in Tokyo, while a deal to ease sanctions on Iran pushed the price of oil lower.

US market rose on Friday (November 22, 2013), with the S&P 500 index closing above 1,800 for the first time and extending gains into a seventh consecutive week.

European shares inched higher on Friday (November 22, 2013), consolidating near multi-year highs as investors awaited a new catalyst to drive equities out of their current tight trading range.

Major Headlines of the day

Ranbaxy may sell off Biovel, exit vaccine business.

MTNL remodelling workforce to earn Rs500 cr this fiscal.

Greaves Cotton introduces pump for mega projects.

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