Markets to remain weak at start

Headlines for the day:

RCom hikes 3G data rates by 27%

NTPC’s tax-free bond issue to open today

Spicejet allots 1.5 cr equity shares

IRB Infra’s promoter unpledges shares

Indian Indices:

The Indian stock markets are expected to start the trading on a negative note as the global cues look unsupportive. SGX Nifty is trading 28.50 point lower.

On Monday (December 02, 2013), the S&P BSE Se nsex closed at 20,898.01, up by 106.08 points, while the Nifty rose by 41.75 points to close at 6,217.85.

Global Indices:

Asian shares slipped and the dollar firmed on Tuesday as an unexpectedly strong U.S. factory activity gauge bolstered expectations the Federal Reserve will soon reduce its stimulus, while the yen tumbled on speculation of further central bank easing.

US stocks closed lower on Monday, with investors unable to find new reasons to keep pushing shares higher after eight straight weeks of gains, while the mining sector slid alongside sharp drops in precious metals prices.

European shares edged lower on Monday as German steelmaker ThyssenKrupp plummeted after failing to find a buyer for its problematic Brazilian mill and British retailers were hit by margin worries.

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