Flat opening seen for Indian markets
Indian equity benchmarks are likely to witness a flattish opening on Tuesday tracking a mixed trend across Asia and a bearish finish at Wall Street overnight as traders resort to a cautious approach ahead of the start of the two-day US Federal Reserve policy meet. SGX Nifty is trading at 10.50 points higher.
Shares of Maruti Suzuki, IDFC Bank, Dr Reddy’s Lab, ACC, Ambuja Cements, TVS Motor and Zee Entertainment will be in focus today as the companies unveil their April-June 2016 quarter earnings numbers.
On Monday (July 25, 2016), the BSE SENSEX closed at 28095.34, up by 292.10 points or by 1.05%, and the NSE Nifty ended at 8635.65, gained by 94.45 points or by 1.11%.
Caution gripped Asian markets on Tuesday, sending the safe-haven yen higher ahead of central bank meetings in the United States and Japan, while a fresh skid in oil dampened energy stocks on Wall Street.
US stocks retreated from record levels to close lower Monday, as investors turned cautious ahead of a busy week of earnings and central bank meetings.
European shares inched higher on Monday, with low-cost airline Ryanair climbing after it issued a bullish outlook while shares in William Hill surged on bid interest from its rivals.
Major Headlines of the day:
• Maruti planning to transport vehicles via inland waterways.
• Hinduja commissions 1,040-mw thermal power project in Vizag.
• Essar to invest Rs750 cr more in Hazira terminal.
UPCOMING RESULTS: UNITESSPIRIT, ZEEL, V GUARD, ACC, AJANTAPHARMA, AMBUJACEM, BAJAJFINSV, BAJFINANCE, COROMANDEL, DR REDDY, IDFC, INFRATEL, MARUTI, TVSMOTOR, TATAELXSI
Trend in FII flows: The FIIs were net buyers of Rs 891.01 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -67.89 Cr, as per the provisional figures.