Dalal Street may see mixed opening

Indian shares are likely to open on a mixed note as global cues look slightly supportive. SGX Nifty is trading 17.50 points lower.

Headlines for the day:

Emami eyes big share in homeopathy segment

LIC pays dividend of Rs1,634.9 cr to govt

Ford India to recall 20,752 EcoSport cars to inspect corrosion concerns

Indian Indices:

Indian shares are likely to open on a mixed note as global cues look slightly supportive. SGX Nifty is trading 17.50 points lower.

India’s benchmarks slumped as much as 2% on Tuesday, marking its biggest daily fall in more than five months, on worries a weakening rupee amid continued global turmoil may force the central bank to delay expected cuts in interest rates. The S&P BSE Sensex and CNX Nifty ended 1.97%-1.85% lower each.

On Tuesday (December 16, 2014), the S&P BSE Sensex ended down 538 points  at 26,781 and 50-share Nifty ended down 152 points at 8,067.

Global Indices:

Business sentiment among Asia’s top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/I NSEAD survey showed, helped by a stronger U.S. economy and a plunge in oil prices

U.S. stocks fell for a third day in a volatile session Tuesday, led by declines in consumer discretionary and technology shares, while another drop in the Russian rouble added to worries about the global economy.

European shares staged a late rebound on Tuesday as the Russian rouble recovered a good chunk of the day’s losses against the dollar and oil prices also gained ground.

SGX Nifty

sgxnifty.org@imediaone.com

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