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Last Updated : Nov 27 2014 | 9:24 PM IST

Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 12 point at the opening bell triggered by firmness in Asian stocks. Sharp fall in crude oil prices may support domestic bourses. Indian stocks may remain volatile today, 27 November 2014, as traders roll over positions in the futures & options (F&O) segment from November 2014 series to December 2014 series. The November 2014 derivatives contracts expire today, 27 November 2014.

Asian stocks edged higher today, 27 November 2014, as the prospect of further stimulus from central banks in the region and Europe eclipsed disappointing US data.

Among corporate news, With respect to the news media report titled, "Jindal Steel & Power scraps $10 billion CTL project in Odisha", the company clarified that it planned to implement Coal to Liquid (CTL) project to produce crude using environment friendly Indirect Coal Liquification under the technology developed in Germany for which Ramchandi Promotional Coal Block in Orissa was allotted to the company by Government of India in 2009. Since the coal block has been de-allocated as per the recent Supreme Court verdict, this project, as planned, will not proceed, the company said. The clarification was issued after market hours on Wednesday, 26 November 2014.

Bank of Baroda after market hours yesterday, 26 November 2014 said that it has decided to raise funds by way of private placement of AT-1 Bonds (Basel lll Compliant- Tier l) of Rs 1000 crore with a green shoe option of additional Rs 500 crore, limiting the aggregate issue size up to Rs 1500 crore.

The government will announce data on gross domestic product (GDP) for Q2 September 2014 at 17:30 IST tomorrow, 28 November 2014. India's GDP grew 5.7% in Q1 June 2014 over the corresponding period of the previous year.

The Reserve Bank of India (RBI) next undertakes monetary policy review on 2 December 2014. The central bank aims to limit consumer-price gains to 8% by January 2015 and 6% by January 2016. Over the longer term, the RBI aims to limit consumer-price gains to 4%, within a 2% band. The annual rate of inflation based on the combined consumer price index (CPI) for urban and rural India eased to 5.52% in October 2014 from 6.46% in September 2014, data released by the government on 12 November 2014 showed.

After overnight sharp losses for Brent crude futures, key equity benchmark indices in India eked out small gains on Wednesday, 26 November 2014. The S&P BSE Sensex garnered 48.14 points or 0.17% to settle at 28,386.19 on that day, its highest closing level since 24 November 2014.

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The provisional data released by the stock exchanges after trading hours on Wednesday, 26 November 2014, showed that foreign portfolio investors (FPIs) bought shares worth a net Rs 181.46 crore on that day.

Most Asian stocks edged higher today, 27 November 2014, as the prospect of further stimulus from central banks in the region and Europe eclipsed disappointing US data. Key benchmark indices in China, South Korea, Indonesia and Taiwan were up 0.2% to 0.57%. Key benchmark indices in Singapore, Hong Kong and Japan fell 0.05% to 0.37%.

Industrial profits in China fell the most in two years, underscoring the need for looser monetary conditions as the world's second-largest economy slows. Total profits of China's industrial enterprises fell 2.1% from a year earlier in October, the National Bureau of Statistics said today, 27 November 2014, in Beijing. That compares with September's 0.4% increase and is the biggest drop since August 2012, based on previously reported data.

US stocks rose on Wednesday, 26 November 2014, led by gains in tech shares, with the S&P 500 index and Dow Jones Industrial Average closing at records despite the disappointing US economic data.

Durable goods orders, a measure of business spending plans, fell for a second straight month, consumer spending rose less than market expectations and new home sales also unexpectedly fell in October. A separate report from the Labor Department showed initial claims for state unemployment benefits rose above the 300,000 threshold last week for the first time since early September.

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First Published: Nov 27 2014 | 8:31 AM IST

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