The Nifty50 is expected to open flat on Tuesday tracking weak handover from Wall Street and muted trend seen in other Asian markets. The Nifty50 closed 194 points higher at 10,421 on Monday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 16.5 points or 0.16 percent. Nifty futures were trading around 10,415-level on the Singaporean Exchange.
The S&P 500 and the Dow Jones Industrial Average slumped on Monday as the US tariffs signed into law last week by President Donald Trump weighed on industrials, though gains in tech stocks boosted the Nasdaq, Reuters reported.
The Dow Jones Industrial Average fell 157.13 points, or 0.62 percent, to 25,178.61, the S&P 500 lost 3.55 points, or 0.13 percent, to 2,783.02 and the Nasdaq Composite added 27.52 points, or 0.36 percent, to 7,588.33.
Asian stock markets were lower on Tuesday as Washington’s policies hit regional steel producers. The Nikkei 225 slipped 0.35 percent while South Korea’s Kospi index was flat, CNBC reported.
TCS: Tata Sons to sell up to 1.48 percent stake in TCS via Block Trades to raise USD 1.2 billion at Rs 2,872-2,925 apiece
Infosys to voluntarily delist from Euronext Paris, Euronext London
Reliance Communications: NCLT extends stay on company’s arm asset sale till further orders
Interglobe Aviation: Directorate General of Civil Aviation (DGCA) has asked IndiGo and GoAir to ground 8 and 11 A320 neo planes, respectively
Union Bank: High Court orders winding up of Nimbus Communications for defaulting on bank’s dues
Here’s what HDFC Securities has to recommend:
Sanghi Industries: BUY| Target Rs. 128 | Stop-loss Rs 113 | Return 8%
Chambal Fertilizers: BUY| Target Rs. 173 | Stop-loss Rs 150 | Return 8.80%
Kotak Mahindra Bank: BUY| Target Rs. 1155 | Stop-loss Rs 1070 | Return 6%