INDIAN BENCHMARKS markets may see a flat opening on Friday, tracking subdued cues from Asian peers, after US stocks ended lower in overnight trade as oil rout pushed equities in red after strong rally on Wednesday. SGX Nifty is trading 44.00 points lower. India's stock markets marked their biggest single-day gain on Thursday in about a month after the U.S. Federal Reserve raised interest rates for the first time in nearly a decade and signalled its tightening cycle would be 'gradual.' The S&P BSE Sensex and CNX Nifty rose 1.21% each. On Thursday (December 17, 2015) 30-share BSE SENSEX closed at 25803.78, up by 309.41 points or by 1.21 per cent, and the NSE Nifty ended 93.45 points higher at 7844.35
Headlines for the day:
• M&M shifts gear to meet engine norms
• Maruti Suzuki gets minority shareholder approval for setting up Gujarat plant
• Indian Hotels seeks shareholder nod to lend Rs 700 cr to subsidiary
Global Markets:
Asian shares took their cue from Wall Street and slipped on Friday, but were still on track for gains in a week marked by a depreciating yuan in China and the first U.S. interest rate hike in nearly a decade.
US stocks ended lower in overnight trade as oil rout pushed equities in red after strong rally on Wednesday.
European shares surged on Thursday as investors took the U.S. Federal Reserve's interest rate rise and the prospect of further tightening as a sign of confidence in the world's biggest economy.
Trend in FII flows: The FIIs were net sellers of Rs 638.01 Cr in the cash segment on Thursday while the DIIs were net buyers of Rs -366.23 Cr, as per the provisional figures released by the NSE.
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