Indian shares are likely to open on a positive note as global cues look supportive. SGX Nifty is trading 92.00 points higher.

Headlines for the day:

HC reserves order on Novartis-Cipla drug dispute

Tata Motors developing vehicles for defence sector

RBI slaps Rs50 lakh penalty on ICICI Bank, Rs25 lakh on BoB

Indian Indices:

Indian shares are likely to open on a positive note as global cues look supportive. SGX Nifty is trading 92.00 points higher.

Indian shares edged lower on Wednesday as volatility in global markets raised fears of foreign selling, although indexes cut early losses of more than 1 percent as state-run Life Insurance Corporation of India bought shares aggressively. The S&P BSE Se nsex and CNX Nifty ended 0.27%-0.47% lower each.

On Wednesday (December 17, 2014), the S&P BSE Se nsex ended down 71 points at 26,710 and the 50-share Nifty lost 38 points to close at 8,030.

Global Indices:

Asian share markets rallied on Thursday after U.S. stocks enjoyed their strongest session this year when the Federal Reserve sounded upbeat on the economy and promised to be patient in removing policy stimulus

The S&P 500 scored its best day since October 2013 on Wednesday as the Federal Reserve gave an upbeat assessment of the U.S. economy and said it would take a patient approach toward raising interest rates.

European equities staged a late recovery on Wednesday, as a rebound in energy stocks and new signs of economic stimulus measures from the European Central Bank lifted shares.