Sensex, Nifty to fall at start

Global cues are weak. Developments on the GST front will be closely tracked. Cosmo Films could see action as it considers raising funds through Qualified Institutional Placement of equity shares. GMR Infrastructure will mull fund raising today. Nestle India could see some interest as it considers a second Interim Dividend.

ECB has cut its deposit facility rate to -0.3% from -0.2%. Mario Draghi also elaborated that the monthly bond buying programme will be extended till March 2017. However, some of the market participants remain disappointed as the central bank did not increase the quantum of government bonds ECB buys each month. Popular opinion suggests that the central bank needs to do more in order to avert the Euro region from the pangs of deflation. Euro has skyrocketed to 109 levels against the greenback, responding to the European Central Bank's latest policy easing measures.

The outlook is a fall at start. Global cues are weak. Developments on the GST front will be closely tracked. Cosmo Films could see action as it considers raising funds through Qualified Institutional Placement of equity shares. GMR Infrastructure will mull fund raising today. Nestle India could see some interest as it considers a second Interim Dividend. Radha Madhav Corp will look at issue of warrants and equity shares on     preferential basis to the promoters. The Indian rupee could again see some weakness.

The government is planning to scrap 1% tax on interstate sales, which was proposed to compensate manufacturing states such as Maharashtra, Gujarat and Tamil Nadu, according to reports.

The government may keep rates reasonable so that any inflationary impact of the tax is contained, says a report.

Approximately 2.7 million trucks are facing the prospect of being dumped from April next year as the Government plans to cap the life of commercial vehicles (CV) at 15 years, according to various media reports.

“We are going to make 15 years the end of life for all commercial vehicles,” Vijay Chhibber, Secretary, Ministry of Road Transport & Highways has been quoted as saying.

As many as six investors, including private equity (PE) firms and cement companies have bid for Reliance Infrastructure’s 5.6-million-tonne capacity cement assets, reports a business daily.

Veteran telecom industry executive and former CEO of Orange SA, Sanjiv Ahuja is in race to buy Anil Ambani led Reliance Communication's (RCom) telecom towers arm Reliance Infratel, according to reports.

Quikr, India’s No. 1 cross category classifieds business, has acquired realtycompass, a real-estate analytics platform which helps end consumers and investors in the decision making process by providing builder ratings & detailed project analysis. Founded by Nimesh Bhandari, Sankara Srinivasan and Alok Mishra in 2013, realtycompass will now be a part of QuikrHomes.

External demand weakness and a slower-than-expected pace of enacting key reforms are holding back India’s growth acceleration, with the pace in 2015 now seen at 7.4%, down from 7.8% forecast earlier.

Budget carrier SpiceJet will raise up to Rs. 5,000 crore debt in order to expand its fleet, according to the company's Annual Report.

Jet Airways, India’s premier international airline, has received approvals from the Directorate General of Civil Aviation for CAT II authorisation of its ATR 72 – 500/600 fleet for low visibility operations (LVO). The CAT II authorisation from the DGCA makes Jet Airways the first Indian airline to receive these approvals for turboprop aircraft operations.

Indian equity market recorded biggest single-day percentage drop since November 18, 2015, after the US Federal Reserve Chair, Janet Yellen, signalled at moving ahead with an interest rate hike in its last monetary policy for the year.

India's economy will grow at 7.4% in the current fiscal, which will further improve to over 8% in 2016-17, Standard & Poor's Ratings Services reportedly said. S&P added that significant reforms are required with Indian corporates and banks currently facing a weak operating environment.

The process of auction of mines is moving fast and is to start soon. 5 states have issued notice for inviting auctioning for mines in 28 blocks for major minerals” announced, Minister, Mines and Steel Narendra Singh Tomar, while delivering his inaugural address on the interactive session on encouraging Exploration in India.

A total of 16 mining projects of Coal India have received green nod in the current fiscal, Parliament was quoted as saying.

Considering the growing significance of RRBs in pursuit of financial inclusion agenda, RBI has decided to revise the priority sector guidelines for RRBs.