Market may open slightly higher

Key indices may open slightly higher tracking firmness in most Asian stocks. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 16 points at the opening bell.

In overseas markets, most Asian stocks gained. US stocks rose yesterday, 1 December 2015, helped by rebound in health and consumer shares.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 106.78 crore yesterday, 1 December 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 194.75 crore yesterday, 1 December 2015, as per provisional data.

Among corporate news, TCS yesterday, 1 December 2015 announced it has joined the Scaled Agile Partner program as a Gold Partner with Scaled Agile, Inc., whose founder, Dean Leffingwell, created the Scaled Agile Framework (SAFe) - a proven, publicly-accessible knowledge base for implementing agile practices at enterprise scale. The announcement was made after market hours yesterday, 1 December 2015

TCS' Agile Practice offers end-to-end enablement and transformation with offerings like readiness assessment, role-based training at the team, program and portfolio level, and coaching to make the transformation sustainable.

TVS Motor Company recorded 2.43% growth in total sales to 2.25 lakh units in November 2015 over November 2014. Incessant rains for the past three weeks in Chennai have had an adverse effect on the company's production in November 2015, TVS Motor Company said. The company suffered a loss of approximately 15,000 units due to the inclement weather, it said.

Hero MotoCorp's total sales rose 0.6% to 5.5 lakh units in November 2014 over November 2014. The company announced after market hours yesterday, 1 December 2015. During November, the company achieved the landmark 10 lakh sales during the 35-day festive period starting with the Navratras, a 11% growth over the corresponding period last year.

Tata Motors' total sales of passenger and commercial vehicles (including exports) fell 7% at 38,918 vehicles in November 2015 over November 2014. The announcement was made after market hours yesterday, 1 December 2015. The domestic sales of Tata commercial and passenger vehicles fell 6% at 35,345 units in November 2015 over November 2014. The passenger vehicles sales declined 13% at 10,517 units in November 2015 over November 2014. In commercial vehicles, sales of medium & heavy commercial vehicles (M&HCV) rose 21% at 11,524 units in November 2015 over November 2014. The light & small commercial vehicle sales however continued to reflect industry decline and fell 16% at 13,304 units in November 2015 over November 2014. These impacted the overall commercial vehicles sales for Tata Motors in the domestic market falling 2% at 24,828 units in November 2015 over November 2014. The company's sales from exports shed 17% to 3,573 units in November 2015 over November 2014.

Gains in metal, pharma and oil sector stocks enabled small gains for key benchmark indices yesterday, 1 December 2015, after the Reserve Bank of India (RBI) kept its benchmark interest rate unchanged after a monetary policy review. The Sensex rose 23.74 points or 0.09% to settle at 26,169.41, its highest closing level since 6 November 2015.

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