Flat start likely for Indian mkts

Indian Indices:

The Indian equities may begin today’s trading session on a flat note tracking mixed global cues. SGX Nifty is also trading 7.50 points higher.

GDP YoY and fiscal deficit data due today.

On Thursday (November 28, 2013) Sensex closed at 20,534.91, up by 114.65 points, while the Nifty rose by 34.75 points to close at 6,091.85.

Events for today:

Fiscal Deficit data to be released

GDP YoY to be announced today

Global Market

Asian stock markets were mostly lower on Friday (November 29, 2013), with profit-taking pulling Japanese shares down from a near six-year high hit in the prior session.

US stock were closed on Thursday (November 28, 2013) on account of ‘Thanks Giving Day’.

European stocks gained ground on Thursday (November 28, 2013) in light trade, with Italian shares outperforming after the country’s Senate expelled former prime minister Silvio Berlusconi, fuelling hopes of stability for the current government.

Major Headlines of the day

Wipro’s tax dues may lead to asset seizure.

NSEL investors to protest before FTIL board.

Tata Motors-JLR explore joint products.

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