Stocks set to open in red on weak global cues

The Indian stock markets are expected to start the trading on a negative note as the global cues look unsupportive. SGX Nifty is trading 31.50 points lower.

Events for the day:

HSBC/Markit Services PMI data to be announced

Headlines for the day:

Adani Power fully commissions 1,320-MW Kawai project in Rajasthan

TechM turns to digital signatures to counter fake hiring scams

Just Dial stock rally helps Big B’s holding grow to Rs10 cr

GlaxoSmithKline seeks FIPB nod to raise stake in Indian arm

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 31.50 points lower.

On Friday (January 03, 2013), the S&P BSE Se nsex closed at 20,851.33, down by 37.00 points, while the Nifty fell by 10.00 points to close at 6,211.15

Global Indices:

Asian shares fell to a two-week low on Monday after growth in China’s services sector slowed sharply last month, raising concerns about the pace of recovery in the world’s second-largest economy, while safe-haven gold climbed.

US stocks ended a volatile session mostly flat on Friday as investors digested comments from Federal Reserve officials that raised questions about how quickly the central bank will end its stimulus program.

European stocks rose on Friday, recouping some steep losses suffered in the first session of the year, with Telecom Italia surging on speculation of a sale of its Brazilian wireless unit.

SGX Nifty

sgxnifty.org@imediaone.com

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