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Markets are likely to sratrt 2014 on a flat note on account of subdued global cues. At 0830 hrs, the SGX Nifty was up nine points at 6,360.
Overnight in US, stocks closed out their best year in more than 15 on Tuesday, with major indexes advancing throughout 2013 on the back of the Federal Reserve's massive stimulus and expectations for accelerating growth going forward.
Wall Street ended 2013 with its positive momentum intact, advancing in its final trading day of the year on the back of positive consumer confidence data.
The Dow Jones industrial average gained 0.44 percent, to end at 16,577. The Standard & Poor's 500 Index advanced 0.40 percent, to finish at 1,848. The Nasdaq Composite Index rose 0.54 percent, to close at 4,177.
Most of Asian markets were closed on account of New Year holiday.
Some of tehs tocks to watch in today's trade are power stocks, BHEL IDBI Bank and Coal India.
