Indian Indices:
Indian equities are poised to open higher on Wednesday tracking firm cues from fellow Asian markets, but market volume is likely to remain thin as traders begin to quiet down in the lead-up to Christmas.
Bullish trend in the SGX Nifty Index Futures for December delivery, which were trading at 8,114.50, up by 8.5 points or 0.10 per cent, at 10:50 AM Singapore time, also signaled a positive start for Sensex.
Shares of Bharti Airtel will remain in focus after the telecom major said that its subsidiary Network i2i has inked pact with Egyptian firm Orascom to acquire the latter’s entire equity stake in Middle East North Africa Submarine Cable Systems (MENA-SCS).
The 30-share benchmark index closed trade at 26307.98, down by 66.72 points or by 0.25 per cent, and the NSE Nifty ended at 8082.4, down by 21.95 points or by 0.27 per cent.
Global Market:
The major Asian Indices started off on a positive note, which due to positive outlook of the US indices
The benchmark indices of the US including Dow Jones and Nasdaq ended at record highs.
European stock markets moved mostly higher on Tuesday, Japan's Nikkei share average rose on Tuesday after the market digested the Bank of Japan's
Major Headlines of the day:
• IRB Infra unit gets arbitral amount of Rs 20.55 crore from NHAI.
• Sun Pharma completes 85.1% acquisition of Russia's JSC Biosintez.
• Jyoti Structures wins $15 mn order from South Africa's ESKOM.
Trend in FII flows: The FIIs were net buyers of Rs -685.93 Cr in the cash segment on Tuesday while the DIIs were net sellers of Rs 418.93 Cr, as per the provisional figures.
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