Mkts may open marginally higher on mixed Asia trend

Indian Indices:

The key domestic benchmarks may open tad higher today tracking a mixed trend in fellow Asian stocks as investors chose to stay on the sidelines ahead of key US economic data today including Q3 GDP numbers, goods and orders and housing data which may offer fresh cues over the health of the world’s biggest economy.

SGX Nifty is trading 17.00 points higher.

Market may witness some volatility ahead of the expiry of the December futures and options (F&O) contracts in this week.

Indian markets rose more than 1% on Monday to mark a third consecutive day of gains as buying by insurers supported blue-chips such as HDFC Bank, while higher Asian shares and hopes of progress on key reforms underpinned the broader market. The S&P BSE Sensex and CNX Nifty ended 1.21%-1.20% higher each

On (Monday 22, 2014),  S&P BSE SENSEX closed at 27,701.79, up by 329.95 points or by 1.21%, and the NSE Nifty ended at 8,324, up by 98.8 points or by 1.2%.

Global Market:

A holiday lull settled over Asian markets on Tuesday after Wall Street closed at historic highs while oil prices suffered a stinging setback after Saudi Arabia quashed all thought of curbing supply.

 U.S. stocks rose for a fourth straight session on Monday, with both the Dow and S&P 500 ending at records as large-cap technology shares gained and offset continued weakness in energy names.

European equities ended higher on Monday, rising for the fifth session in a row, with Greek shares boosted by the prime minister’s offer to bring pro-European independents into the government.

Major Headlines of the day:

Bhushan Steel’s promoters among 260 entities barred by Sebi.

Orchid Pharma allots Rs73 cr shares to promoter group firm.

Jet Airways raises $ 150 mn foreign loan

SGX Nifty

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