SGX Nifty is trading at 10339 Flat to Down by 6 points.
Sensex, Nifty rose for third consecutive session as investors await Federal Reserve policy decision and exit poll Gujarat assembly election. Sensex was up 206 points & nifty gained 56 points.
Indian equity benchmark indices are likely to witness a flat to negative opening today,tracking subdued Nifty futures on the Singapore Stock Exchange
and mixed global cues.
Asian markets were trading mixed in early trade on Tuesday as investors await policy decisions from central banks in the US, UK and European Union this
week for further clues on the 2018 policy outlook. Back home, subdued SGX Nifty Index Futures for December delivery, which were trading at 10,328.50,
down by 17.5 points or 0.17%
Singapore time, also signalled a negative opening for the domestic equity bourses. Focus will be on key macro¬economic data.
The government will announce industrial production data for October on Tuesday, 12 December 2017 and inflation data based on consumer price index
(CPI) and wholesale price index (WPI) for November on Tuesday, 12 December 2017 and Thursday, 14 December 2017.
US stocks closed higher on Monday as investors prepared for an expected Federal Reserve rate hike later in the week, while stocks rose around the world on continued solid global economic growth indicators.
Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in US borrowing costs this week.
Major Headlines of the day:
Dr. Reddy’s Bachupally formulations plant 3 gets U.S.FDA EIR.
GNA Axles started commercial production from its two newly installed Automated Machining Lines at its unit in Punjab.
L&T Infotech completes acquisition of 100% stake in banking solution provider Syncordis SA.
Tata Communications Ltd will soon hive its property holdings into a separate company, which will subsequently be listed.
V2 Retail strong set of numbers for Q2FY2018
Revenue up 33.5 % at Rs 137.5 cr
Net profit up 285 % at Rs 5 cr
Ebitda up 46.3 % at Rs 9.8 cr
Margin at 7.1 % versus 6.5 %
Trend in FII flows: The FIIs were Net Value of Rs -185.60 the cash segment on Monday while the DIIs were Net Value of Rs 108.49 as per the provisional figures.
Securities in Ban For Trade Date 12-DEC-2017: