Indian markets are set to open flat to higher, tracking firm cues from fellow Asian peers, in lack of any major trigger on domestic front. SGX Nifty is trading 16.50 points higher. The market may see some volatility as investors will rollover their position ahead of February F&O expiry on Thursday
Indian shares rose around 0.7% on Monday, erasing earlier losses to hit their highest close since September as IT stocks rallied after Tata Consultancy Services announced a share buyback at a substantial premium. The S&P BSE Sensex and the CNX Nifty rose by 0.68% and 0.65%, respectively.
Asian stocks held ground on Tuesday though Chinese equities surged to a fresh two-month high as domestic funds piled into financial counters on expectations the world's second biggest economy may have turned a corner.
US equities looked set to pick up on their record run, with stock futures briefly tapping fresh highs in holiday-thinned Monday trading as investors prepared for key data and results from retailers this week.
European markets finished Monday trade mostly higher, after investors digested a raft of earnings and economic data, while remaining watchful for any more details from U.S. President Donald Trump regarding his economic policies.
Major Headlines of the day:
TCS Board clears Rs16,000 cr share buyback; biggest in India
Nestle claims to have taken a Rs100 cr hit on account of demonetisation
Vedanta Group Q3 EBIDTA jumps 79%, revenue rises 26%
Trend in FII flows: The FIIs were net buyers of Rs -433.38 the cash segment on Monday while the DIIs were net sellers of Rs 827.90 as per the provisional figures.
Securities in Ban For Trade Date 21-FEB-2017: