Dalal Street awaits for a historic start

The Indian stock markets are expected to start the trading on a positive note as the domestic and global cues look highly in favour of Bulls. SGX Nifty is trading 187.00 point higher.

Events for the day:

Local Car Sales numbers to be announced

Headlines for the day:

Tata Motors to hike passenger vehicle prices by 1% from Jan

FIIs’ equity investments cross Rs1-lakh crore mark in 2013

Maruti takes workers on familiarisation trip to Japan

Indian indices:

The Indian stock markets are expected to start the first trading session of the week on a positive note as the domestic and global cues look highly in favour of Bulls. SGX Nifty is trading 187.00 point higher.

Equity markets are all set to hit all-time highs as Nifty is barely 2% away from the historic high level and BJP’s comfortable win in four states may give adequate push to accomplish that feat.

On Friday (December 06, 2013), the S&P BSE Se nsex closed at 20996.53, up by 38.72 points and the Nifty rose 18.80 points to settle at 6259.90

Global indices:

Most Asian share markets moved higher on Monday, energized by a potent cocktail of upbeat Chinese trade data, a weaker yen and a firm finish on Wall Street.

US stocks soared on Friday, with the Dow and the S&P 500 ending a five-day losing streak after a robust jobs report gave traders confidence that the economic recovery was gaining strength.

European equities rose on Friday, snapping their longest losing streak in six months thanks to a rally in Swiss food firm Nestle and robust U.S. jobs data.

SGX Nifty

sgxnifty.org@imediaone.com

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