The key domestic benchmarks may open tad higher today tracking a mixed
trend in fellow Asian stocks as investors chose to stay on the sidelines ahead
of key US economic data today including Q3 GDP numbers, goods and orders and
housing data which may offer fresh cues over the health of the world’s biggest
economy. China;’s Shanghai Composite fell as investors and speculators resorted
to profit booking after stocks surged to a four-year high yesterday. Hang Seng
rose while Japan’s Nikkei 225 was closed due to a trading holiday. Back home,
optimism that economic growth will get a lift from recent reforms such as GST
may continue to support sentiment. However, caution ahead of the December