Markets signal flat start

Headlines for the day:

ONGC Videsh mulls oilfordebt deal to fund Mozambique buy

Canara Bank to open branch in New York shortly

Ashok Leyland to launch 18 truck models under Captain range

Indian Indices:

The Indian stock markets are expected to start the trading on a flat note as the global cues look mixed. SGX Nifty is trading 1.00 point lower.

On Monday (January 06, 2013), the S&P BSE Se nsex shed 64.03 points to close at 20787.30 while Nifty slipped 19.70 points to end at 6191.45.

Global Indices:

Asian shares stabilized on Tuesday after four straight days of losses, while the dollar rebounded from overnight weakness after disappointing U.S. services sector data raised concerns about stuttering growth in the world’s largest economy.

U.S. stocks slipped on Monday after a mixed batch of economic reports, which showed a slowdown in growth in the U.S. services sector and a rebound in new orders for factory goods.

Spanish stocks outpaced a lacklustre broader European market on Monday after strong economic data fuelled expectations of an economic recovery in the country and revived interest in stocks on the euro zone periphery.

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