Stocks set for a flat start on mixed cues

Headlines for the day:

  • NTPC lines up new projects of 19,000 MW capacity

  • UltraTech Cement gets EAC clearance to set up a facility in Tamil Nadu

  • Bajaj Corp forms new unit to trade skin and hair care products

  • Morgan Stanley exits from Jindal Saw

Indian Indices:

The Indian stock markets are expected to start the last trading session of the Week on a flat note as the global cues look mixed. SGX Nifty is trading 20.00 points lower.

On Thursday (December 26, 2013), the S&P BSE Se nsex closed at 21,074.59, up by 41.88 points, while the Nifty rose by 10.50 points to close at 6,278.90

Global Indices:

Asian markets were struggling to match the performance of Wall Street on Friday even as Japanese economic data impressed and the dollar tested the 105 yen barrier for the first time in five years.

U.S. stocks rose on Thursday, with the Dow and S&P 500 ending at record highs as retail shares rallied following strong data about the holiday shopping season.

European stock markets remained closed on Thursday on account of Christmas holidays.