Market set for positive opening; GDP data eyed

Indian Indices:

The key domestic benchmarks may open on a positive note today tracking a firm trend across most markets in Asia. SGX Nifty is trading 41.00 points higher.

All eyes will be on Q2 GDP data to be released today

Indian shares edged higher on Thursday, led by buying in blue chips such as Infosys and Hindustan Unilever, while caution prevailed ahead of the release of economic growth data on Friday and the central bank’s policy review on Dec. 2. The BSE Sensex and the CNX Nifty ended 0.19%-0.22% higher each.

On (Thursday 27, 2014) 30-share Sensex ended 53 points higher at 28,439 and the 50-share Nifty closed 18 points higher at 8,494

Global Market:

Most Asian equities rose as Japanese shares advanced on Japanese economic data. China’s Shanghai Composite extended a rally on hopes that the fresh wave of monetary easing by the country’s central bank may help revive growth in the world’s second biggest economy.

Share price falls for energy firms capped gains for top European stocks on Thursday, after OPEC resisted pressure to cut supply in the face of a global slump in the oil price.

US markets were closed on Thursday  and will trade only for half-day on Friday on account of Thanksgiving holidays.

Major Headlines of the day:

Airtel starts rolling out 4G services in Africa.

Ceat to raise Rs400 cr through QIP.

RCom takes on Jio, offers unlimited data plan for Rs999 a month

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