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Monday, December 26, 2016

Markets may open flat on muted global cues

stock tips
Indian Indices:

Indian equities are poised to open flat to higher on Tuesday tracking muted cues from fellow Asian markets as most major markets were closed on Monday for Christmas holidays. SGX Nifty is trading 7.50 points higher.

The market may also see some volatility as trader will rollover their positions ahead of derivative expiry of December series scheduled on Thursday

The NSE Nifty fell about 1% on Monday to a seven-month low, erasing its gain for the year, as investors fretted that the government may impose long-term capital gains tax. The S&P BSE Sensex and CNX Nifty fell 0.90%-0.97% each

Global Market:

Asian stocks were mixed on Tuesday, in thin trade and with little to guide them as most major markets were closed on Monday for Christmas holidays, while the dollar reclaimed its losses from Monday.

Christmas falls on Sunday, so U.S. stock markets were closed on Monday, December 26, 2016

All the major European stock markets were closed on Monday, December 26, 2016 to make up for Christmas Day falling on a Sunday.

Major Headlines of the day:
Ashok Leyland gets members nod for amalgamation with Hinduja Foundries
Future Ent sells complete 16.09% equity in Future Lifestyle to Future Corporate
Empee Distilleries: Board withdraws plan of sale of 1.95 cr shares in Empee Hotels

Trend in FII flows: The FIIs were net buyers of Rs -10950.4 Cr in the cash segment on Monday while the DIIs were net sellers of Rs 1065.39 Cr, as per the provisional figures.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
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