Markets likely to open in green; RBI Policy hogs limelight

Indian Indices:

Indian markets may post slim gains in opening bell on Tuesday tracking a mixed trend in Asian stocks. SGX Nifty is trading 10.00 points higher.

Shares of Adani Ports and Special Economic Zone, Adani Power, Indian Overseas Bank, Lupin, United Bank of India and UCO Bank will be in focus as they reveal their June quarter report cards.

India's NSE index rose to a 15-1/2 month high on Monday, tracking gains in other Asian markets, after solid U.S. jobs data bolstered expectations of an acceleration in U.S. economic growth at a time of ultra-easy global monetary policy conditions. The S&P BSE Sensex and CNX Nifty rose 0.37%-0.32% each.

Global Market:

Asian shares stood atop one-year peaks on Tuesday as investors' desperate search for yield drove a record inflow into emerging market funds, while the pound slipped to one-month lows on speculation of further policy easing in the UK.

U.S. equities close slightly lower on Monday, despite a rise in oil prices, as investors awaited key retail sales data due later this week.

European stock markets rose on Monday, propped up by gains in the shares of major banks and other financial stocks, while Dutch firm PostNL surged after results.

Major Headlines of the day:

JSPL to recast Rs 7,500-cr loan

FMCG sales growth slows to 3.2% in Apr-Jun

Telecom industry body accuses Trai of bias

Trend in FII flows: The FIIs were net buyers of Rs 1156.19 Cr in the cash segment on Monday while the DIIs were net sellers of Rs -876.34 Cr, as per the provisional figures.

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