Markets may open flat on weak Asia trend

Indian Indices:

The key domestic benchmarks are likely to open on a muted note today tracking weakness in fellow Asian peers and a negative closing at Wall Street overnight. SGX Nifty is trading at 6.00 points higher.

Markets will re-open today after yesterday’s holiday. However, optimism that the recent reform measures by the Modi government may boost economic growth may continue to support the Sensex

The BSE Sensex and Nifty hit a record high on Monday for the third consecutive session, but the gains fizzled out later and both the indexes ended flat as automakers such as Tata Motors fell after monthly sales declined

On Monday (November, 2014) 30-share Sensex lost 5.45 points at end at 27860.38 and 50-share Nifty gained 1.95 points to close at 8324.15.

Global Market:

Asian shares got off to a lackluster start on Wednesday after a plunge in oil prices dragged down U.S. shares, while the dollar took a breather after this week’s rally.

The S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares and Priceline’s earnings forecast disappointed.

European shares extended losses in late trading on Tuesday after Reuters reported that central bankers in the euro area planned to challenge European Central Bank chief Mario Draghi over his secretive management style.

Major Headlines of the day.

Srei Infra NCD mops Rs 332 cr from market.

GAIL inks pact with Azerbaijan’s state oil firm.

Infosys pulls out of new development centre project in Bengaluru.

SGX Nifty

sgxnifty.org@imediaone.com

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