Positive start likely for Indian mkts

Indian Indices:

The Indian equities may begin today’s trading session on a Positive note tracking mixed global cues. SGX Nifty is also trading 85.50 points higher.

On Wednesday (December 05, 2013) S&P BSE Sensex shed 146.21 points to close at 20708.71 while Nifty slipped 40.90 points to end at 6160.95.

Global Market

Asian markets were off to a nervous start on Thursday (December 05, 2013) as never- ending speculation about the fate of US stimulus lifted bond yields, while Japanese shares tried to find their footing after taking a spill.

US stocks declined on Wednesday (December 04, 2013), with the S&P 500 off for a fourth straight session as investors worried that the market’s rally to record levels was not justified, given uncertainty over when the Federal Reserve will start to slow its stimulus.

European shares fell for a third consecutive session on Wednesday (December 04, 2013) in response to evidence of growing momentum in the US economic recovery that could mean a scaling-back of stimulus by the Federal Reserve.

Major Headlines of the day

JSW, Essar, SAIL keep Dec steel prices unchanged, JSPL hikes.

RInfra to merge transmission line cos with itself.

Ashok Leyland to deploy employees from operations to sales temporarily.

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