Cautious start seen on Day 2 of New Year

Indian shares are likely to open on a cautious note as the global cues look mixed. SGX Nifty is trading 6.50 points lower.

Headlines for the day:

Kishore Kumar Sansi takes charge as MD, CEO of Vijaya Bank

Airlines welcome fuel price cut, no immediate fare reduction

General Motors’ sales decline 37% at 3,619 units in Dec

Indian Indices:

Indian shares are likely to open on a cautious note as the global cues look mixed. SGX Nifty is trading 6.50 points lower.

Indian markets ended with little changed on first trading day of 2015 as gains in telecom stocks such as Bharti Airtel on news of spectrum pricing were offset by profit-taking in some blue-chips. The S&P BSE Sensex and CNX Nifty ended 0.03%-0.02% marginally higher each.

On Thursday (January 01, 2014), the S&P BSE Sensex closed at 27507.54 up by 8.12 points or by 0.03% and the NSE Nifty ended at 8283.9 up by 1.2 points or by 0.01% in today’s trade.

Global Indices:

Financial markets in Japan will be closed from Wednesday, Dec. 31, to Friday, Jan. 2, and will resume trading on Monday, Jan. 5.

The euro started the new year at 29-month lows in Asia after the head of the European Central Bank fanned expectations it would take bolder steps on stimulus this month, underlining the U.S. dollar’s rate advantage.

SGX Nifty

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