Indian Indices:
Indian markets are likely to open flat on Tuesday, tracking weak cues from fellow Asian peers and negative closing of Wall Street in overnight trade, as traders would maintain wait-and-watch approach ahead of the Reserve Bank policy review tomorrow.. SGX Nifty is trading 13.50 points lower.
Indian shares rose on Monday for a fourth consecutive session to hit four-month highs, boosted by gains in lenders such as ICICI Bank, as investors bet the. central bank would cut interest rates at its policy review later this week. The S&P BSE Sensex and CNX Nifty rose 0.70%-0.69% each. The
Sensex closed at 28439.28, up by 198.76 points or by 0.7%, and the NSE Nifty ended at 8801.05, up by 60.1 points or by 0.69%.
Global Market:
Asian markets were negative early on Tuesday following the sluggishness in global equities amid risk-off sentiment. Investors also await the Reserve Bank of Australia's interest rate decision, expected to hold rates steady at a record low 1.50%.
US stocks slipped on Monday, led by the energy sector as oil prices dropped, while investors awaited the next run of major earnings reports and sought
European shares slipped on Thursday, weighed down by disappointing earning updates from Danish drugmaker Novo Nordisk and German lender Deutsche Bank,
Major Headlines of the day:
• Idea Cellular looks to sell tower business in two separate deal.
• Bajaj Auto launches BS 4 compliant Pulsar RS200 and NS200 with new features and colours.
• Oberoi Realty, Lodha to enter affordable housing.
Trend in FII flows: The FIIs were net buyers of Rs -403.52 the cash segment on Monday while the DIIs were net sellers of Rs 449.52 as per the provisional figures.
UPCOMING RESULTS: BHEL,CEAT,EIDPARRY,GATI,HEXAWARE,IDBIBANK,JUBILANT,PNB,RAJESH EXPORT,RAMCOCEM,TATASTEEL,TITAN,UNITED BANK.
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