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
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
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.