Indian indices eke out slender gains in lackluster trading :: Edelweiss,

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Indian Markets Update

• The key Indian stock indices gained on Friday amid light volumes as many market participants stayed away from action due to year-end holidays
• Select IT shares advanced due to a weak rupee
• The rupee declined against the US dollar on month-end demand from importers and profit booking by foreign investors
• The NSE India VIX lost ~2.8% to close at 14.6450
• The SGX Nifty Futures traded in Singapore were up 27 points at 8,300

Global Markets Update

• The frontline US equity benchmarks ended higher on Friday with the Dow and the S&P 500 notching another record high and the Nasdaq closing at best level since March 2000
• The Dow has gained for seven consecutive trading days, and enjoyed its biggest seven-day point gain since Nov. 4, 2008
• However, traded volumes for all three major indexes were the lowest for the year so far
• European markets were shut on account of Christmas holidays
• Asian markets are trading mostly positive this morning
• Chinese industrial profits dropped 4.2% in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012