NEWS

HEADLINES FOR THE DAY:-

Govt to review fund-raising by microfinance institutions

RBI likely to keep key rates unchanged

Coal India, Nuclear Power Corporation mull JV for nuclear power

EVENTS FOR THE DAY :-


Major corporate action

RDB Realty & Infrastructure to be listed today
Punjab & Sind Bank IPO opens today
Farmax India board to consider bonus issue


INDIAN MARKET REPORT:-


The Indian markets fell on broad-based selling after briefly consolidating and volatility in the last week. Trading may resume flat to positive taking cues from the global peers, which are quiet subdued.

In today's trade, markets may trade a cautious note following the global markets, with China's Shanghai gaining more than 1% in the initial trade may lift the market sentiments.

It seems that, the world's largest economy US is on the path of recovery which may boost the world markets in the future course of trend.

Next in line the investors will watch out for the data on monthly inflation scheduled on December 14 and RBI policy review on December 16.

The equity shares of RDB Realty & Infrastructure to be listed today on Bombay Stock Exchange.

GLOBAL SIGNALS:-

European markets edged up on Friday to end at their highest closing level since late September 2008, as upbeat US consumer sentiment data helped boost confidence over the prospects for economic recovery.

US markets rose on Friday, with the S&P 500 at its highest level since the week Lehman Brothers collapsed in 2008, and breaching technical levels that suggest the year-end rally will persist.

Asian markets rose on Monday after China's latest attempt to cool inflation and fresh vows to tackle price pressure. SGX Nifty was trading 4.5 points lower, suggesting towards a flat start on the Dalal Street.