Indian shares are likely to open on a positive note as the global cues look supportive. SGX Nifty is trading 25.50 points higher.

Headlines for the day:

Wockhardt, Cadila, Hospira recall drugs in the US

L&T bags contracts worth Rs2,521 crore in Dec

Sebi allows exit of Ludhiana Stock Exchange as bourse

Indian Indices:

Indian shares are likely to open on a positive note as the global cues look supportive. SGX Nifty is trading 25.50 points higher.

Indian shares ended flat on Tuesday as weaker regional shares offset optimism over additional reforms a day after the government passed an executive order to ease land-acquisition rules. The S&P BSE Se nsex and CNX Nifty ended 0.03%-0.02% higher each.

On Tuesday (December 30, 2014), the S&P BSE Se nsex and the 50-share Nifty ended flat at the mark of 27,403 and 8,248 respectively.

Global Indices:

Asian markets were ending 2014 on a cautionary note on Wednesday as worries about Greece’s future in the euro zone served as an excuse to take profits on crowded trades, though Chinese stocks seemed destined for their best year in five.

U.S. stocks fell on Tuesday as investors engaged in profit-taking to pull major indexes from record levels, while the trend of modest moves and low volume continued heading into the final trading day of the year.

European shares fell on Tuesday, the last full trading day of the year, led lower by energy companies as Brent oil fell to a 5-1/2-year low on persistent concerns about a global supply glut.