INDIAN BENCHMARKS are likely to start the session on a negative note as the global cues look unsupportive with SGX Nifty trading 22 points lower.
Headlines for the day:
·Tata Comm enters modified agreement for
stake sale in Neotel
·Kaya enters into agreement to purchase
75% stake in Iris MedicalCentre
· Tata Motors launches new version of SUV
Safari Storme
Global
Indices:
· Asian stock markets risked slipping to
two-month lows onWednesdayas crumbling oil prices took a toll on energy and
resource shares, with cooling demand from China putting more pressure on
resources-reliant economies.
· Crude prices rose on Wednesday as Japan
posted stronger than expected machinery orders and China announced an easing of
some import taxes, lending the market at least temporary support in an
environment of general oversupply.
· China's consumer inflation picked up
slightly in November, while factories were plagued by persistent producer price
deflation in another sign that Beijing's year-long easing efforts have yet to
restore momentum to a fragile economy.
· European shares fell on Tuesday, with
mining shares led lower by a slump in Anglo American to a new record low, and a
top pan-European index falling to a 6-week low.
Trend in FII flows: The FIIs
were net sellers of Rs – 518.46 Cr in the
cash segment on Tuesday while the DIIs were net buyers of Rs 590.32 Cr, as per the
provisional figures released by the NSE.
0 comments:
Post a Comment