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
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
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.