Positive opening on D-Street;

Home » stock tips » Positive opening on D-Street;

Indian Indices:

Indian markets are set to open higher on Tuesday, tracking firm cues from fellow Asian peers. SGX Nifty is trading 14.50 points higher.

Investors shrugged off concerns over Donald Trump’s protectionist policies and shifted focus to Union Budget 2017-18 which will be presented on February 1. The Street will be cautious on global cues as well as key earnings later in the day.

Indian shares ended higher on Monday as bargain-hunting lifted recently hit stocks, though sentiment remained cautious ahead of the federal budget next week. The S&P BSE Sensex and CNX Nifty rose 0.31%-0.50% each.

Global Market:

Japan's Nikkei share average fell on Tuesday morning after the dollar weakened to a seven-week low against the yen overnight, while concerns about the impact of US President Donald Trump's protectionist views continued to weigh on sentiment.

US stocks closed down Monday, but off session lows of the day as investors wrestled with uncertainty over the policies of President Donald Trump and as a batch of corporate quarterly results came out mixed.

European stocks dipped on Thursday, though Zodiac Aerospace's shares surged after a takeover offer by France's Safran and Moneysupermarket.com also jumped after it reported strong results.

Major Headlines of the day:

SAIL begins production of World’s longest single rail

Suzlon bags 50.4 MW order from power utility in Gujarat

Lupin gets USFDA nod for generic anti-depressant tablets

Solar subsidies likely to end, sops for manufacturing on anvil

Trend in FII flows:The FIIs were net buyers of Rs -288.80 the cash segment on Monday while the DIIs were net sellers of Rs 519.99as per the provisional figures.

UPCOMING RESULTS: PNBHSG FIN, NILKAMAL, IDBIBANK, HCL TECH, ZENSARTECH, L&T FIN, INOX LEISURE, AJANTA, PHARMA, BHAARFIN, BHARTIAIRTEL, BIOCON, CROMPTON, HDFCBANK, KTKBANK, M&MFIN, TVSMOT, WOCKPHARMA, ZEEL

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647