Bears to chase Bulls at start

Headlines for the day:

  • ONGC to appeal in Supreme Court against Gujarat HC order
  • Coal India to get Rs2,119 cr extra on coal price revision
  • Power Grid FPO price set at Rs90/shr, govt to get Rs1,600 cr
  • GE Shipping places order for 3 vessels

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 29.00 point lower.

On Tuesday (December 10, 2013), the S&P BSE Se nsex shed 71.16 points to close at 21,255.26 while Nifty slipped 31.05 points to end at 6332.85

Global Indices:

Asian share markets were idling through another indecisive session on Wednesday as investors booked profits on a range of once-crowded positions, sending the dollar and Wall Street lower, while lifting the euro, bonds and gold.

US stocks slipped on Tuesday, a day after a record close on the S&P 500, with traders looking ahead to next week’s Federal Reserve meeting in the absence of market-moving economic data.

European shares slipped on Tuesday, weighed down by major Swiss stocks as a rally in the Swiss franc raised fresh concern about the country’s exports.

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