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

sgxnifty.org@imediaone.com

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