Sensex, Nifty to open on a positive note

The global cues are mixed for now. US indices ended subdued. Japanese Nikkei is marginally higher while China's Shanghai Composite is down a tad. Hong Kong's Hang Seng is just about in the green while South Korea's Kospi is in the red. Crude prices have cooled closer to 11-year lows. Gold prices continue to lose glitter.

With just few trading sessions remaining in the current year, the top 20 leading stock index on a global front are set to end CY2015 on a mixed note. 11 out of 20 global stock indices are currently trading in negative terrain. Eight benchmark indices are offering positive returns and the US-based S&P 500 index is almost flat in CY2015.

The outlook is a positive start. With indices at their highest level in more than three weeks, the market could turn choppy later in the day depending on global cues and F&O adjustments. Rollovers on Index for December expiry stood at 29% on D-3 days. Heavy discount on index futures was seen during the day to the tune of 15-18 points, indicating large cash-based buying in index heavyweights. India VIX soared 5% during the day with major build ups in 8000 calls and 7800 puts, which indicates broader trading range for December expiry.

The global cues are mixed for now. US indices ended subdued. Japanese Nikkei is marginally higher while China's Shanghai Composite is down a tad. Hong Kong's Hang Seng is just about in the green while South Korea's Kospi is in the red. Crude prices have cooled closer to 11-year lows. Gold prices continue to lose glitter.

Indian pharmaceutical industry is expected to touch USD 55 billion by 2020 as against the current size of USD 18 billion but the exports may slow down to grow at a CAGR of 7.98% in value terms due to tightening of regulatory mechanism in top exports markets of US, Russia and Africa, reveals ASSOCHAM and TechSci Research study.

National Buildings Construction Corporation Ltd has announced that Nabinagar Power Generating Company Pvt. Ltd. (A Joint Venture of NTPC Ltd. & Bihar State Power Generation Co. Ltd.) awarded the work of Permanent Township Package for Nabinagar Super Thermal Power Project (3x660MW) to the Company for Rs. 328.08 crores.