Indian Indices:
Indian equity benchmarks are likely to open on flat note on Wednesday ahead of the Reserve Bank of India’s fifth bi-monthly monetary policy review later in the day, tracking muted cues from Asian peers.
Rate-sensitive stocks such as financial, auto and realty will remain in focus today. Muted trend in the SGX Nifty Index Futures for December delivery which were trading at 8,175.50, up by 2.50 points or 0.03 per cent, at 10:58 AM Singapore time, signal that the Sensex may open flat to positive today.
On Tuesday, the Indian benchmark indices ended higher for the second day ahead of a Reserve Bank of India policy review on Wednesday, tracking firm cues from fellow Asian peers.
The 30-share benchmark index closed trade at 26392.76, up by 43.66 points or by 0.17 per cent, and the NSE Nifty ended at 8143.15, up by 14.4 points or by 0.18 per cent.
Global Market:
Asian markets traded in the green after the Dow Jones hit another high. Dow closed at all-time high for second straight session. Japan's Nikkei 225 opened at 18,434.54, Hong Kong's Hang Seng started off 22,805.13, Singapore's Straits Times opened at 2,957.42 while China's Shanghai Composite started at 3,198.47, the only indices that was in red.
U.S. stocks were higher after the close on Tuesday, as gains in the Telecoms, Financials and Consumer Services sectors led shares higher. Nasdaq Composite closed at 5333.00 with an upward of 0.45%, gaining 0.34% S&P 500 closed at 2212.23.
European shares extended gains on Tuesday, with the utilities sector leading the market higher after British power producer Drax Group Plc announced it plans to buy an energy supplier and four gas power plant projects.
Major Headlines of the day:
• Stock Updates: TVS Motor Company
• Viewpoint: Aditya Birla Fashion & Retail.
• Sagar Cements up on reporting November production.
Trend in FII flows: The FIIs were net buyers of Rs 161.80 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs -164.64 Cr, as per the provisional figures.
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