Markets to open week on a slightly higher side

Indian shares are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 27.00 points higher.

Headlines for the day:

  • Lupin eyes acquisitions in US, Europe
  • KFA’s 2-year term to renew its flying permit expires on Dec 31
  • Sumitomo Mitsui may take up to 10% stake in Reliance Bank

Indian Indices:

Indian shares are likely to open on a flat to positive note as the global cues look mixed. SGX Nifty is trading 27.00 points higher.

Indian shares closed higher on Friday, snapping a two-day losing streak, led by technology stocks such as Infosys on a weaker rupee while broader sentiment was tepid as investors kept away from risky bets ahead of the year-end holidays. The S&P BSE Se nsex and CNX Nifty ended 0.12%-0.33% higher each.

On Friday (December 26, 2014), the S&P BSE Se nsex ended up 33 points at 27,241.78 and the 50-share Nifty ended up 27 points at 8,200.70.   

Global Indices:

Asian stocks tip-toed higher on Monday, following fresh gains on Wall Street, while the euro wallowed near 28-month lows versus the dollar on nervousness ahead of a vote in the Greek parliament that could result in snap elections.

U.S. stocks ended higher on Friday, with both the Dow and S&P 500 closing at records in a broad rally, though trading was light with many market participants still out for the Christmas holiday.

European stock markets remained closed on Friday on account of Christmas holiday.

SGX Nifty

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