On Friday BSE Sensex closed with a marginal loss of 9.77 points, or 0.05%, at 20,206.95, while the broad-based NSE Nifty closed at 6,079.70, down 1.8 points, or 0.03%.
Brokers` Outlook
Bharat Thakur, Assistant Manager, Karvy Stock Broking expects market to open flat on Monday. More action would be seen in mid-caps and small cap counters.
Stocks to be watched out are Sanco Transmission, Ankur Drugs, Apollo Tyres, Nelcast and Godawari Power.
U.S. stocks fell after government reports ondurable goods reinforced speculation
the housing-market collapse will push the economy into recession. The Dow Jones Industrial Average decreased 0.05%, to 13,365. The Nasdaq Composite Index retreated 0.09%, to 2,674.46.
Asian markets opened positive on Monday (December 31), starting the last trading day of 2007 on an optimistic note. However, most Asian indices were closed.
Hong Kong`s benchmark stock index, Hang Seng added 251.72 points, or 0.92%, at 27,622.32.
Taiwan`s benchmark stock index, the Taiex index rose 28.79 points, or 0.34%, to trade at 8,425.74 led by Taiwan Semiconductor Manufacturing and Hon Hai Precision Industry.
Singapore`s Straits Times added 22.37 points, or 0.65%, to trade at 3,468.19.
Oil futures advanced on Thursday (December 27) after the government reported more than expected declines in crude and heating oil inventories.
Oil prices fell on Friday (December 28), reversing earlier gains after weak figures on new home sales raised concerns about the economy. Retail gas prices rose to USD 3 a gallon on Friday, following rising futures prices on concerns about tight inventories and potential supply disruptions.
Light, sweet crude for February delivery fell 62 cents, to settle at USD 96 a barrel, on the New York Mercantile Exchange (NYMEX).
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