Indian shares are set for a flat start on Tuesday on the back of disappointing macroeconomic data and amid the June quarter earnings season.

India’s business sentiment in June hit the lowest level since 2016 due to slowing economic growth, water shortage, and regulatory hurdles, according to a survey by market research firm IHS Markit. Meanwhile, exports declined by 9.71 percent to $25.01 billion in June 2019.

Asian shares trade marginally higher ahead of US retail sales and amid corporate earnings.

Indian benchmark indices BSE Sensex and NSE’s Nifty 50 rose in the previous session led by IT stocks. The Sensex ended 160 points higher at 38,897 while the broader Nifty50 index added 36 points to end at 11,588.

At 7.20 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded 7.5 points, or 0.06 percent, lower at 11,579, indicating a muted start for the Sensex and the Nifty 50.

Stocks to watch:

DHFL, Ashok Leyland, HDFC Bank in focus. Click here to know more.



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