Indian Indices:

Today the global scenario looks favourable, which may result in positive opening of the Indian markets. SGX Nifty is also trading 11.00 points higher.

On Friday (December 20, 2013) Sensex closed at 21,079.72, up by 371.10 points, while the Nifty rose by 107.60 points to close at 6,274.25.

Global Market

Asian stocks inched cautiously higher on Monday (December 23, 2013) encouraged by record highs on Wall Street, though anxiety over a credit squeeze in China has weighed on shares there while adding to pressure on emerging market currencies.

US stocks rose on Friday (December 20, 2013), capping the best week for the major indexes in months as unexpectedly strong data on economic growth increased confidence that the recovery was accelerating.

European shares rose on Friday (December 20, 2013), recording their best week in eight months, with cruise ship operator Carnival up on forecast-beating results and broad sentiment boosted by greater clarity on US monetary policy.

Major Headlines of the day

TCS, Infy lead as 9 Sensex companies add Rs57,183 cr in m-cap.

Infosys joins Rs2 lakh cr market-cap club.

HCL wins good corporate citizen award.