Indian Indices:
Indian markets are likely to witness a gap up opening on Tuesday tracking a rally across markets in Asia and a near-record high finish at Wall Street overnight. SGX Nifty is trading 26.00 points higher.
Indian shares ended higher on Monday, reversing two consecutive sessions of falls, with Tata Motors among top gainers after its unit Jaguar Land Rover reported favourable quarterly figures on Friday. The S&P BSE Sensex and CNX Nifty gained 0.43%-0.41% each.
On Monday (August 29, 2016), BSE SENSEX closed at 27902.66, up by 120.41 points or by 0.43%, and the NSE Nifty ended at 8607.45, gained by 34.90 points or by 0.41%.
Global Market:
Asian shares bounced on Tuesday as doubts the Federal Reserve really would hike rates as soon as September undermined the dollar, while investors continued to count on more policy stimulus elsewhere in the world.
U.S. stock markets climbed on Monday while European share markets slipped in the wake of comments by top Federal Reserve officials that bolstered expectations for an interest rate hike by the U.S. central bank this year.
European shares fell on Monday as top Federal Reserve officials bolstered expectations for a U.S. rate hike this year, while Alstom bucked the weaker trend after a contract win.
Major Headlines of the day:
Hinduja Foundries Plans Merger With Ashok Leyland
RIL gets green panel nod for jetty expansion in Gujarat
DRL launches nitroglycerin sublingual tablets in US
Trend in FII flows:The FIIs were net buyers of Rs 286.52 Cr in the cash segment on Monday while the DIIs were net buyers of Rs 17.49 Cr, as per the provisional figures.
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