Pre-Session: Key benchmarks may open flat

07-Dec-17: Market could see a flat opening due to mixed cues from global equity markets. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 6.50 points at the opening bell.

Overseas, Asian shares were mixed as softer oil and copper as well as US policy uncertainty kept sentiment in check. US stocks ended mixed on Wednesday, as weakness in the energy sector spurred some minor selling that offset a recovery in the technology sector. The Dow Jones Industrial Average fell 0.16%. The S&P 500 fell 0.01%. The Nasdaq Composite Index rose 0.21%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 1217.92 crore yesterday, 6 December 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 995.11 crore yesterday, 6 December 2017, as per provisional data.

Among corporate news, IDBI Bank said that its board of directors, has approved sale of 27.99 lakh equity shares of National Securities Depository (NSDL), constituting 7% of its total paid up equity capital, held by IDBI Bank. The announcement was made after market hours yesterday, 6 December 2017.

BEML opened spare parts and warehouse office yesterday, 6 December 2017, at Pune, Maharashtra. BEML has established its office at Pune not only to enhance its presence in Maharashtra but also to reach the doorsteps of customers i.e., Indian Army. The announcement was made after market hours yesterday, 6 December 2017.

Key benchmark indices dropped yesterday, 6 December 2017, after the Reserve Bank of India (RBI) left key policy rates unchanged after monetary policy review today, 6 December 2017. The barometer index, the S&P BSE Sensex, lost 205.26 points or 0.63% to settle at 32,597.18. The Nifty 50 index lost 74.15 points or 0.73% to settle at 10,044.10. Negative leads from global stocks also spoiled investors sentiment.

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