Sensex, Nifty to open on a flat note

The markets world over are losing value and India will join its peers even as investors weigh local and global developments. The S&P 500, Nasdaq and Dow were all down 0.7%. Asian markets are witnessing a sea of red with Nikkei down over a percent while China's Shanghai has dropped over 1.5%. Hong Kong's Hang Seng has lost nearly 2% while South Korea's Kospi has shed half a percent.

The markets world over are losing value and India will join its peers even as investors weigh local and global developments. The US indices slipped into negative zone for the year. The culprit for the day was cooling oil prices which crashed energy shares bringing down key indices. The Organization of the Petroleum Exporting Countries’s move to keep crude production running at current levels resulted in oil futures reeling by nearly 6% to settle at $37.65 a barrel, which is a seven-year low.

Weak oil prices is very good for India one may argue but for the moment the market will not factor that as it adjusts with global sentiment. The S&P 500, Nasdaq and Dow were all down 0.7%. Asian markets are witnessing a sea of red with Nikkei down over a percent while China's Shanghai has dropped over 1.5%. Hong Kong's Hang Seng has lost nearly 2% while South Korea's Kospi has shed half a percent.

The GST Bill will be in focus in parliament as the business advisory committee of the Rajya Sabha has allotted four hours for consideration and passage of the crucial bill, says a report.

Alkem Laboratories has finalized the allocation of 37,66,358 Equity Shares at Rs. 1,050 (upper end of the Price Band) per Equity Share aggregating to Rs. 395.47 crore to Anchor Investors. The Price includes a share premium of Rs. 1,048 per Equity Share of Face Value of Rs. 2 each for cash.

The GMR Group plans to raise at least US$1 billion over the next two years to cut debt, repay investors in its airports business and prepare for a new phase of growth, CFO Madhu Terdal has been quoted as saying.

Genpact is planning to hire about 10,000 professionals in 2016, out of which 3,000 will be based at its Hyderabad campus, reports a financial newspaper.

Private equity firm Clearwater Capital Partners on Monday sold a 16.5 per cent stake in auto component maker Jamna Auto Industries Ltd. for about Rs. 77 crore through open market transactions.

As many as 599 highways projects have been sanctioned and about 12,903 km of national highways have been awarded entailing estimated expenditure of Rs 1.08 lakh crore under the present government, Road Transport and Highways Minister Nitin Gadkari reportedly said.

The Union Minister of State (Independent Charge) for Development of North Eastern Region (DoNER), MoS PMO, Personnel, Public Grievances, Pensions, Atomic Energy and Space, Dr Jitendra Singh today introduced in Lok Sabha, the “Atomic Energy (Amendment) Bill, 2015” which seeks to amend the Atomic Energy Act of 1962, in order to overcome difficulties encountered in the setting up of new nuclear projects and enhancement of nuclear power generation.

Moody's Investors Service says that Reliance Communications Limited (RCOM)'s announced transaction to sell its tower assets, held under its subsidiary, Reliance Infratel Limited (RITL, unrated) when consummated will substantially improve the company's financial profile and support its Ba3 ratings and stable outlook.

Fitch Ratings has affirmed India's Long-Term Foreign- and Local-Currency Issuer Default Ratings at 'BBB-'. The issue ratings on India's senior unsecured foreign- and local-currency bonds are also affirmed at 'BBB-'.

IRB Infrastructure Developers Ltd has announced that IRB Ahmedabad Vadodara Super Express Tollway Pvt. Ltd (“SPV") - wholly owned subsidiary of the Company, has been issued a Provisional Completion Certificate by the Competent Authority on December 04, 2015. Consequently, the SPV has started toll collection on NH - 8 arm of this project from December 06, 2015. The SPV is already collecting toll on Ahmedabad Vadodara Expressway (NE- 1) arm since January 2013.

Jet Airways announced the resumption of its full domestic schedule starting tomorrow, Tuesday 08 December, 2015. Jet Airways will operate 78 flights to and from Chennai, connecting Tamil Nadu’s capital city with the rest of India.

Digital commerce market in India is likely to touch $128 bn in 2017 from the current level of $42 billion in 2015 due to increase in mobile and internet penetration, m-commerce sales, payment options, exciting discounts, according to the joint study brought out by ASSOCHAM and Deloitte.