Dec 19 (Reuters) - GLOBAL MARKETS ROUNDUP * Nifty futures on the Singapore Exchange SINc1 are 0.59 percent higher, while the MSCI-Asia Pacific excluding Japan index .MIAPJ0000PUS is up 0.13 percent. * Asian share markets rallied on Thursday as a Federal Reserve commitment to low rates offset a long-dreaded decision to taper stimulus, sending Wall Street to record heights and the dollar galloping above 104.00 yen for the first time since 2008. MKTS/GLOB * U.S. stocks staged an explosive rally on Wednesday, driving the Dow and the S&P 500 to all-time closing highs after the Federal Reserve announced it would start to unwind its historic stimulus. .N INDIAN STOCKS TO WATCH For additional press items double click IN-PRESS NOTE: Reuters has not verified third-party stories and does not vouch for their accuracy. GAIL doubles marketing margin on gas - PTI in Mint (http://link.reuters.com/qyq55v) State Bank of India may cut new home loan rates by 15-25 bps - Economic Times (http://link.reuters.com/ryq55v) India, Japan raise currency swap arrangement limit to $50 bn - PTI in Economic Times (http://link.reuters.com/syq55v) Financial Tech ruled 'not fit' to run India's biggest commodities bourse - ID:nL3N0JX2DF Infosys on recovery path, plans to recruit 16,000 graduates in FY15 - Economic Times (http://link.reuters.com/tyq55v) India freezes duty-free alcohol in row with U.S. over diplomat's arrest - ID:nL3N0JX1WZ India poised to boost oil imports from Iran after Apr-Nov shipments slide - ID:nL3N0JX1Z9 India cabinet to consider some sugar incentives this week-min - ID:nD8N0J402J INTERVIEW - India JSW Steel's main plant battling iron ore shortage - ID:nL3N0JW2N9 Kotak Fund to raise Rs 38.5 bln to invest in stressed assets - Economic Times (http://link.reuters.com/wyq55v) Vodafone gets Rs 37 bln tax bill from income tax department - Economic Times (http://link.reuters.com/xyq55v) Cagey after KG, RIL to skip next NELP; Cairn & ONGC keen - Financial Express (http://link.reuters.com/zyq55v) Spectrum sharing only within a circle: DoT - Business Line (http://link.reuters.com/bar55v) (Reporting by Manoj Rawal) ((manoj.rawal@thomsonreuters.com)(+91-22 6180-7219)(Reuters Messaging: manoj.rawal.thomsonreuters.com@reuters.net)) Keywords: MARKETS INDIA STOCKS/PRE OPEN