Markets may rise to bid adieu to 2013

Indian Indices:
Sayonara to the last trading day of the year 2013. Today the Indian markets are expected to open on a strong note led by positive Asian cues. SGX Nifty is trading 26.50 points higher.

Adding further, Sensex and the Nifty are set to post their second consecutive annual gain this year, helped by continuous foreign investor buying

On Monday (December 30, 2013) Sensex closed at 21,143.01, down by 50.57 points, while the Nifty fell by 22.70 points to close at 6,291.10.

Global Market

Asian shares edged higher on Tuesday (December 31, 2013), the last day of the year, with China on track to be Asia’s worst performing market in 2013.

US stocks ended mostly flat on Monday (December 30, 2013) following a strong rally over the past two-weeks, with weaker-than-forecast housing data and light trading volume keeping upward momentum in check.

European stocks took a breather on Monday (December 30, 2013) from the previous week’s rally, after closing at five-year highs on Friday.

Major Headlines of the day

SKS Micro securitises 4th tranche of loans worth Rs 55 cr.
Mallya buys more shares in UB Holdings.
Welspun sells stake in infra JV for $99 mn