Indices signal flat to positive start on Dalal Street

Indian shares are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 10.50 points higher.

Headlines for the day:

MTNL launches app for registering complaint, bill payment

Sumitomo Mitsui to take $ 58.4 mn stake in Reliance Capital

JPMorgan fund in talks on taking $ 200 mn stake in SpiceJet

Indian Indices:

Indian shares are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 10.50 points higher.

The stock markets remained closed yesterday on account of ‘Christmas Eve’ on December 25, 2014.

Indian shares fell over 1% to mark a second co nsecutive session of declines on Thursday after blue-chips such as Housing Development Finance Corp tracked falls in Chinese stocks and the expiry of monthly derivatives contracts. The S&P BSE Se nsex and CNX Nifty ended 1.08%-1.12% lower each.

On Wednesday (December 24, 2014), the S&P BSE Se nsex dropped 298 points to end at 27,209 and the 50-share Nifty has lost 93 points to end at 8,174

Global Indices:

Japanese annual core consumer inflation slowed for a fourth straight month in November due largely to sliding oil prices, highlighting the challenges the central bank faces in achieving its 2 percent inflation target.

U.S. shares ended flat on Wednesday, with the Dow industrials eking out a record close after the latest data showed strength in the world’s largest economy, while a mixed economic picture in Europe kept the region’s stocks largely in check.

Bid speculation drove up the shares of medical devices maker Smith & Nephew on Wednesday, allowing it to outpace sluggish European stock markets in a shortened session ahead of the Christmas break.

SGX Nifty

sgxnifty.org@imediaone.com

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