Dalal Street may see slightly higher start ahead of key macros

Indian shares are likely to open on a slightly higher note as global cues look mixed. SGX Nifty is trading 4.00 points higher.

Events for the day:

Index for Industrial Production Data YoY

CPI YoY

Headlines for the day:

Tata Chemicals to invest Rs150 crore in nutraceutical plant near Chennai

Bank of Maharashtra cuts minimum lending rate to 10.25%

DBS revises down GDP forecast to 5.6% in FY15

Indian Indices:

Indian shares are likely to open on a slightly higher note as global cues look mixed. SGX Nifty is trading 4.00 points higher.

Indian markets fell on Thursday for a fourth session in five, with oil explorers leading the decline as global crude prices continued their recent tumble, while blue chips such as Infosys fell on profit-taking.

On Thursday (December 11, 2014), the S&P BSE Se nsex ended 229 points down at 27,602 and the Nifty ended 63 points lower at 8,293

Global Indices:

The dollar rose on Friday after upbeat U.S. data suggested weaker oil prices are providing additional momentum for the American economy, which also underpinned Asian shares.

U.S. stocks rose on Thursday as upbeat retail sales figures and other U.S. data pointed to a strengthening economy and lifted optimism about consumer spending.

Euro zone shares snapped a three-day losing streak on Thursday, taking their lead from gains on Wall Street after some stronger-than-expected consumer spending data from the United States.

SGX Nifty

sgxnifty.org@imediaone.com

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