Sensex, Nifty to open on a flat note

Asian markets are mixed with Nikkei in the red. US indices had closed lower on Friday.The Sensex is down over 5% for the year but a report shows that 10% of BSE stocks doubled during the year while four out of every 10 stocks delivered over 20% returns. In fact almost half the scrips on BSE gained over 10%.

With barely a few days left for the Winter Session of Parliament to end, the government is set to miss its glory regarding GST Bill. Stating that the bill is being delayed for collateral reasons, Finance Minister Arun Jaitley said, a delayed GST is better than a flawed GST.  The government is expected to the push the Bankruptcy Law in the next three days and is likely to introduce the same in Parliament today.

The outlook is a flat start. Despite a crash on Friday, Nine of the top 10 most valued Sensex firms added nearly Rs. 70,000 crore in mcap last week with Reliance Industries mcap surging by ~Rs.12,9000 crore.

Asian markets are mixed with Nikkei in the red. US indices had closed lower on Friday.

The Sensex is down over 5% for the year but a report shows that 10% of  BSE stocks doubled during the year while four out of every 10 stocks delivered over 20% returns. In fact almost half the scrips on BSE gained over 10%.

The government plans to award Rs 28,000 crore worth of highways development projects in the current fiscal under the newly conceived hybrid annuity model amid renewed interest among private firms. This will be the largest chunk of investment under public private partnership or PPP in the sector in any single year since 2010, says a report.

Narayana Hrudayalaya's, initial public offering (IPO) received tepid response from the markets so far.

Textbook-focused, publishing firm S Chand and Company is planning initial public offering next fiscal, says report.

IDBI Bank is planning to sell 20% stake in life insurance joint venture for Rs. 800 crore, according to reports.

IT industry veteran and Infosys co-founder NR Narayana Murthy reportedly said that the benefits of the government's ambitious Digital India programme will take three to five years for citizens to derive full benefit out of it.

Jaitley stated that the fiscal situation has never been as good as it is now. Despite challenges, India has kept pace with growth. Global slowdown has impacted India's International trade, says FM.

Phase one of the L&T Metro Rail Hyderabad Ltd. will be commercially operational by the first quarter of 2016, Telangana IT Minister K.T. Rama Rao has been quoted as saying by a business daily.

NTPC is likely to drop a plan to take over Damodar Valley Corporation’s (DVC) 2,520 MW Raghunathpur plant in West Bengal after the railways refused to buy power from the utility, reports a financial newspaper.

Domestic air traffic grew by nearly 25 per cent in November to 7.32 million passengers as compared to 5.82 million passengers in the same period last year, according to latest DGCA data.

The Competition Commission of India (CCI) is examining a fresh complaint of alleged unfair trade practices against the country's cement manufacturers, Chairman Ashok Chawala has been quoted as saying by a business daily.

Lenders to Gammon India Ltd. will convert Rs. 245 crore worth of debt to a 60.10% equity stake under the strategic debt restructuring (SDR) norms.

GoAir is set to increase its existing fleet in the next five years staring from 2016, reports a financial newspaper.