The Indian market is likely to open positive on mixed cues on Tuesday, a day after the two benchmark indexes, the Sensex and the Nifty, closed at record highs.
NSE
Here is what you need to know before the market opens today:
Nifty Futures: The Singapore-traded SGX Nifty was at levels around 11,345 vs Nifty August Fut's Monday close of 11,338, indicating a positive opening on Dalal Street today.
Asia: Share markets weakened on Tuesday, taking cues from the rout in global technology shares, while the yen edged higher ahead of the Bank of Japan’s rate review. Japan’s Nikkei fell 0.5 percent. South Korea’s Kospi index dipped 0.1 percent. MSCI’s broadest index of Asia-Pacific shares outside Japan was mostly unchanged at 543.23 as were Australian shares.
US markets: Overnight in Wall Street, the Dow and the S&P 500 each lost 0.6 percent and the Nasdaq skidded 1.4 percent.
Dollar index: The dollar index, which measures the greenback against a basket of major currencies, was flat at 94.332. The yen climbed 0.1 percent to 110.92 per dollar. The euro was flat at $1.1707 after two consecutive sessions of gains.
Oil: In commodities, US crude eased 3 cents to $70.10 a barrel after a sharp rally overnight, while Brent settled up 68 cents at $74.97.
FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 234.04 crore, while domestic institutional investors bought shares worth Rs 48.58 crore in the Indian equity market on Monday, as per provisional data available on the NSE.
Markets at close: The Sensex rose by 157 points to close at a fresh life-time high of 37,494.40, continuing its record-breaking run for the sixth session. The Nifty advanced 41.20 points or 0.37 per cent to end at a historic high of 11,319.55, bettering its previous record close of 11,278.35 hit on Friday.
The 30-share index also scaled an all-time trading high of 37,533.50, while the Nifty too hit an all-time high of 11,328.10 during the day.
Rupee: The rupee on Monday closed down by a modest 2 paise at 68.67 against the US currency to end its three-session gaining streak due to month-end dollar demand. Traders turned cautious in the run up to the outcome of RBI monetary policy committee meeting that began on Monday.
June quarter results: Tata Motors, Power Grid, BEL, UPL, Vedanta,
Dabur, Castrol, GSFC, IIFL Holding, etc., will announce their results for the first quarter of this fiscal.
Sebi ban: The market regulator has banned two firms-Tower Infotech and Agragami Agro Farms and former directors along with four promoters from the securities market for at least four years for illegally raising funds. The regulator has also asked them to refund the investor's money.
Read also: Top stocks to watch out for today: Tata Motors, Vedanta, Dabur, Bank of India, HDFC Bank in focus
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First Published:Jul 31, 2018 7:36 AM IST