Indian shares are likely to witness a flat to positive opening as the global markets are slightly bullish with SGX Nifty trading 17 points higher @9363.50
Indian equities are likely to open flat to slightly higher on Tuesday, tracking muted cues from Nifty futures on the Singapore Stock Exchange and mixed trading across Asian markets after Wall Street ended flattish in overnight trade.
Back home, muted trend in the SGX Nifty Index Futures for May delivery, which were trading at 9,363.50, up by 17.50 points, at 10:40 AM Singapore time, also signaled a flat to positive opening for local bourses. In a boost to economy, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) has said that the Indian economy will grow 7.5 per cent next year on the back of consumption revival and higher infrastructure spending.
Asian stock markets were mixed on Tuesday following a flat close on Wall Street, as investors searched for the next catalyst following France's presidential election, while oil inched higher on expectations OPEC supply cuts will be extended.
U.S. financial regulators on Monday discussed the Volcker rule governing banks' speculative trading, tackling one of Wall Street's biggest concerns and a sign President Donald Trump's administration is listening to banks' wishes about reforms resulting from the financial crisis.
European shares powered ahead on Thursday as earnings, economic data and politics aligned to boost the market to further highs.
Major Headlines of the day:
Torrent Pharma acquires two women healthcare brands from Novartis.
Bharti Infratel Q4 profit falls 17%, misses estimates.
Havells announces closure of Lloyd deal
Trend in FII flows: The FIIs were net buyers of Rs -542.47 the cash segment on Monday while the DIIs were net sellers of Rs 663.33 as per the provisional figures.
UPCOMING RESULTS: BHARTI AIRTEL, DENABANK, GODREJCP, INDIGO, MAJESCO, NALCO, PETRONET, SYNDICATEBANK, THYROCARE, VIJAYA BANK, KERNEX, LAOPALA.
Securities in Ban For Trade Date 09-MAY-2017: