 "Pre-Market: Nifty likely to retest 8,300 levels")
Markets are likely to see flat start with a negative bias following muted trends in Asian markets. Early indicator, SGX Nifty was up two points at 8,392. The Nifty is likely to test its psychological level of 8,300 in today’s trade.
Vinod Nair, Head-Fundamental Research of Geojit BNP Paribas Financial Services is of the opinion that going ahead the market momentum will continue based on high expectation and measures from the government. This assumption is placed on higher infrastructure expenditure, reduction in inflation leading to lower interest rates and higher liquidity in the world (Japan & ECB).
Stocks to Watch
Berger Paints: Company's board on Tuesday approved proposal for sub-division of equity shares of Rs. 2 each into Re. 1 each.
Hitachi Home, Peninsula Land, JM Financial, Gujarat Pipavav, JSPL, Torrent Power, Aban Offshore, Greaves Cotton, Wockhardt and Trent are some of the stocks that will be reacting to its Q2 numbers declared post market hours since November 3.
Global Markets
Asian shares got off to a lacklustre start on Wednesday after a plunge in oil prices dragged down U.S. shares, while the dollar took a breather after this week's rally.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1% in early trade, while Japan's Nikkei stock average gave up about 0.2%.
Overnight, the S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares. The Dow ended slightly higher, although it was unable to break through Friday's record close.
The Dow Jones industrial average rose 0.1%, to 17,384, the S&P 500 lost 0.28%, to 2,012 and the Nasdaq Composite dropped 0.33%, to 4,624.
Vinod Nair, Head-Fundamental Research of Geojit BNP Paribas Financial Services is of the opinion that going ahead the market momentum will continue based on high expectation and measures from the government. This assumption is placed on higher infrastructure expenditure, reduction in inflation leading to lower interest rates and higher liquidity in the world (Japan & ECB).
Stocks to Watch
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Indian Overseas Bank: Global rating agency Standard & Poor's has cut long-term issuer rating for the bank from “BBB-“to “BB+" on sharp deterioration in the asset quality.
Berger Paints: Company's board on Tuesday approved proposal for sub-division of equity shares of Rs. 2 each into Re. 1 each.
Hitachi Home, Peninsula Land, JM Financial, Gujarat Pipavav, JSPL, Torrent Power, Aban Offshore, Greaves Cotton, Wockhardt and Trent are some of the stocks that will be reacting to its Q2 numbers declared post market hours since November 3.
Global Markets
Asian shares got off to a lacklustre start on Wednesday after a plunge in oil prices dragged down U.S. shares, while the dollar took a breather after this week's rally.
MSCI's broadest index of Asia-Pacific shares outside Japan was down about 0.1% in early trade, while Japan's Nikkei stock average gave up about 0.2%.
Overnight, the S&P 500 and Nasdaq ended lower on Tuesday as another big drop in oil prices dragged down energy shares. The Dow ended slightly higher, although it was unable to break through Friday's record close.
The Dow Jones industrial average rose 0.1%, to 17,384, the S&P 500 lost 0.28%, to 2,012 and the Nasdaq Composite dropped 0.33%, to 4,624.