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.
