Pre Session- Sensex may open flat amid subdued Asia trend 30/12/2014

The key domestic benchmarks are likely to open little changed today tracking a subdued trend in most Asian markets and a flat finish at Wall Street overnight. Most Asian stocks fell as trading volumes were thin as investors stayed on the sidelines ahead of the year-end while a slump in commodity prices and political uncertainty in Greece curbed risk taking appetite. China’s Shanghai Composite rose amid speculation that the government will take more measures to boost growth in the world’s second biggest economy. Hang Seng fell ahead of Chinese factory data this week which may show a contraction in manufacturing activity in December. Japan’s Nikkei 225 was trading lower on the last trading day of 2014 with markets shut from tomorrow for year-end holidays. Back home, markets may be supported by the latest reform unleashed by the Modi government which issued an executive order making it easier for companies to buy land, a move which may help kick-start stalled infrastructure projects.