 "Markets likely to open flat; Auto & Consumer Durables in focus")
Markets are likely to turn flat after making a marginally positive opening tracking SGX Nifty.
At 8:25, the SGX Nifty was trading at 8,336 up by 15 points.
Among global markets, Asian markets were ending 2014 on a cautionary note on Wednesday as worries about Greece's future in the euro zone served as an excuse to take profits on crowded trades, though Chinese stocks seemed destined for their best year in five.
Trade was thinned by holidays in Japan, Thailand, South Korea and the Philippines, while many markets in Europe are either shut or finish early on Wednesday.
Activity in China's factory sector shrank for the first time in seven months in December; a private survey showed on Wednesday, highlighting the urgency behind a series of surprise easing moves by Beijing in the past two months.
STOCKS IN FOCUS
Auto and Consumer Durables shares will be in focus as the Finance Ministry has decided not to extend excise duty cuts on automobiles and consumer durables beyond Wednesday.
Battling to meet the Budget target of reining in the Centre’s fiscal deficit at 4.1 per cent of gross domestic product, the finance ministry has decided not to extend excise duty cuts on automobiles and consumer durables beyond Wednesday, December 31. This will make these products costlier from next year. The duty cuts have hit the government’s collection by about Rs 2,500 crore a month.
Drug firms Wockhardt, Cadila Healthcare and Hospira are voluntarily recalling certain lots of drugs in the US, according to the US Food and Drug Administration (USFDA).
Infosys announced that it would expand its Corporate Social Responsibility (CSR) activities in the Americas through its philanthropic arm, the Infosys foundation, USA.
Larsen & Toubro (L&T) today said it bagged contracts worth Rs 2,521 crore in its building and factories business in both domestic as well as international markets this month.
Power ministry cancels UMPP bidding; new bid document soon. Setback for NTPC; move aimed at ensuring private sector participation.
At 8:25, the SGX Nifty was trading at 8,336 up by 15 points.
Among global markets, Asian markets were ending 2014 on a cautionary note on Wednesday as worries about Greece's future in the euro zone served as an excuse to take profits on crowded trades, though Chinese stocks seemed destined for their best year in five.
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The US dollar ran into selling on its recent gains, while the euro got no respite as a host of European bonds yields scored all-time lows after a shockingly sharp fall in Spanish inflation.
Trade was thinned by holidays in Japan, Thailand, South Korea and the Philippines, while many markets in Europe are either shut or finish early on Wednesday.
Activity in China's factory sector shrank for the first time in seven months in December; a private survey showed on Wednesday, highlighting the urgency behind a series of surprise easing moves by Beijing in the past two months.
STOCKS IN FOCUS
Auto and Consumer Durables shares will be in focus as the Finance Ministry has decided not to extend excise duty cuts on automobiles and consumer durables beyond Wednesday.
Battling to meet the Budget target of reining in the Centre’s fiscal deficit at 4.1 per cent of gross domestic product, the finance ministry has decided not to extend excise duty cuts on automobiles and consumer durables beyond Wednesday, December 31. This will make these products costlier from next year. The duty cuts have hit the government’s collection by about Rs 2,500 crore a month.
Drug firms Wockhardt, Cadila Healthcare and Hospira are voluntarily recalling certain lots of drugs in the US, according to the US Food and Drug Administration (USFDA).
Infosys announced that it would expand its Corporate Social Responsibility (CSR) activities in the Americas through its philanthropic arm, the Infosys foundation, USA.
Larsen & Toubro (L&T) today said it bagged contracts worth Rs 2,521 crore in its building and factories business in both domestic as well as international markets this month.
Power ministry cancels UMPP bidding; new bid document soon. Setback for NTPC; move aimed at ensuring private sector participation.