Indices signal weak start on muted cues

Indian shares are likely to open on a negative note as global cues look unsupportive. SGX Nifty is trading 28.50 points lower.

Headlines for the day:

  • SpiceJet cancellations likely to spell cold winter for tourism sector
  • RIL inks pacts to form JV with China’s Ruyi group
  • Zydus Launches Biosimilar For Auto Immune Disorder Drug
  • Bosch concludes wage settlement in Bengaluru plant

Indian Indices:

Indian shares are likely to open on a negative note as global cues look unsupportive. SGX Nifty is trading 28.50 points lower.

Indian shares fell for the second co nsecutive day on Tuesday, down to their lowest in one month, as investors cashed out tracking a selloff in Chinese markets and hurt blue-chips such as Oil and Natural Gas Corp. The S&P BSE Se nsex and CNX Nifty ended 1.15%-1.16% lower each.

On Tuesday (December 10, 2014), the S&P BSE Se nsex ended down 322 points at 27,797 and the 50-share Nifty closed down 97 points at 8,341.

Global Indices:

Oil prices were knocked again on Wednesday, with Asian shares and the dollar also pulling back as global growth concerns and political uncertainty in Greece prompting a flight to safety.

The S&P 500 ended nearly flat on Tuesday as concerns about global weakness and political turmoil were offset by gains in technology and energy shares.

European shares fell to a two-week low on Tuesday, led down by a slump in Greek stocks after an unexpected decision to bring forward the country’s presidential election in which the anti-bailout Syriza party is well placed to do well.

SGX Nifty

sgxnifty.org@imediaone.com

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