Flat start seen on Dalal Street

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 1.00 point lower.

Headlines for the day:

Cipla gets Rs1,100 cr South African order for HIV drugs

Tata Realty to buy majority stake in Madhucon’s Agra-Jaipur road project

Exide Industries: Lower costs, demand recovery to improve margins

Indian Indices:

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 1.00 point lower.

Markets snapped their three-day winning streak as blue-chips such as ICICI Bank fell on risk aversion after Chinese stocks posted their biggest daily drop in two weeks while caution prevailed a day ahead of the monthly derivatives expiry. The S&P BSE Se nsex and CNX Nifty ended 0.71%-0.68% lower each.

On Tuesday (December 23, 2014), the S&P BSE Se nsex ended down 195.33 points at 27506.46 and the Nifty ended down 57.00 points to close at 8267.00.

Global Indices:

Japanese stocks rallied and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global markets turbulence of the past two weeks.

U.S. stocks rose on Tuesday, with the Dow closing above 18,000 for the first time ever and the S&P 500 ending at a record after an unexpectedly strong report on economic growth.

A fall in Greek stocks kept a lid on gains in European equities on Tuesday, as the Athens bourse was hit by the prospect of early elections that could put Greece’s rescue package at risk.

SGX Nifty

sgxnifty.org@imediaone.com

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