Indian Indices:
Indian markets are poised to open lower in the morning trading session after Asian stocks and the dollar were off to a subdued start and as oil prices plunged as much as 4% overnight. SGX Nifty is trading 12.50 points higher.
Indian shares ended marginally down on Monday as investors await quarterly results from companies such as Tata Consultancy Services (TCS) amid worries the government's move to ban high-value notes have hit profits in the latest quarter. The S&P BSE Sensex and CNX Nifty fell 0.12%-0.09% each.
Global Market:
Asian markets started Tuesday on the back foot, after the Dow S&P 500 2269 2277 -8 -0.35% FTSE 7238 7210 28 0.38% retreated further from the 20,000 mark and oil prices plunged as much as 4% overnight.
European shares slipped on Monday as a pullback in bank stocks more than offset a stronger tech sector, while a drop in the pound drove Britain's FTSE 100 index to further record highs.
Declines in energy and financial stocks weighed on the S&P 500 on Monday and helped stall the Dow's pursuit of the 20,000 milestone
ahead of earnings season and expected US policy changes under the Donald Trump presidency.
Major Headlines of the day:
• Ajay Piramal to hike stake in Shriram Capital
• Divis Labs files response to USFDA observations
• Axis Bank ties up with Ripple for instant overseas remittances
Trend in FII flows: The FIIs were net buyers of Rs -325.10Cr in the cash segment on Monday while the DIIs were net sellers of Rs 96.82 as per the provisional figures.
Share Market Tips
* CapitalStars Investment Adviser: SEBI Registration Number: INA000001647
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