Penultimate opening hints mixed start on D Street

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 12.50 points higher.

Headlines for the day:

  • RINL gets Sebi’s nod for IPO
  • L&T Hydrocarbon bags Rs894 cr offshore contract from ONGC
  • RBI eases norms for Indian companies investing abroad

Indian Indices:

Indian shares are likely to open on a flat note as the global cues look mixed. SGX Nifty is trading 12.50 points higher.

Indian shares rose for the second co nsecutive session on Monday, led by metals and mining firms such as Tata Steel on expectations the government would pass executive orders to ease land acquisition rules and auction minerals such as iron ore. The S&P BSE Se nsex and CNX Nifty ended 0.57%-0.56% higher each.

On Monday (December 29, 2014), the S&P BSE Se nsex ended up 154 points at 27,396 and the 50-share Nifty ended up 46 points at 8,246.

Global Indices:

Asian shares got off to a lacklustre start on Tuesday, as a sharp selloff in commodities and political uncertainty in Greece made investors less willing to take risks in the final trading days of 2014.

U.S. stocks were little changed in thin trading on Monday as the S&P 500 notched its latest record high, but gains were curbed when an early rally in energy prices lost momentum.

Greek shares slid on Monday, hitting other southern European markets, after lawmakers rejected the government’s candidate for president and set in train a snap election that could derail the nation’s bailout programme.

SGX Nifty

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