Indian Markets
The frontline Indian equity benchmarks are sedate at best in early morning trade, as investors choose to stay on the sidelines with only few trading sessions left in the year. Even the broader indices are subdued, leading to a dull start to the day.
IT, Oil and Gas, HC, Consumer Goods indices are the gainers. Realty, Power, Auto, FMCG, PSU indices are the losers.
Infosys, Wipro, DLF, Tata Power, Sun Pharma, L&T, Tata Power, Reliance Infra, RCOM, Rpower, Jindal Steel were among the notable leaders in the Sensex and the Nifty.
ICICI Bank, HDFC Bank, SBI,BHEL Bajaj Auto, Coal India, Cipla, Bharti Airtel, ITC, NTPC were among the notable losers in the Sensex and the Nifty.
The political heat is all set to escalate as the showdown between Team Anna and the Government is likely to continue. Anna Hazare begins his three-day agitation in Mumbai from the MMRDA ground in BKC, Bandra. The Parliament will also resume the winter session to debate the New Lokpal Bill.
Asian Markets
Today all the Asian indices are trading in the red with Shanghai and Kospi trading lower by 0.9% and 0.6% respectively. Nikkei and Taiwan are down 0.5% each while Strait Times is down 0.2%. As per IST 8.15 am SGX Nifty is trading lower by 15 points.
Currencies
The Indian rupee ended stronger in thin trade on Monday as some bets on a further decline in the currency were covered amid improved risk sentiments on positive U.S. jobs and manufacturing data.
Key events to watch for today
US Consumer Confidence Level1 Report
US S&P Case-Shiller HPI
Outlook
Today, the Indian market is likely to open in the red following weak Asian cues and later take cues from the European markets.
Sources- Rh Morning market, HDFCSEC.
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