The key domestic benchmarks are likely to open on a
flat note today tracking a mostly negative trend in fellow Asian peers after the
world’s third-largest economy Japan unexpectedly entered recession. Missing
expectations for a positive figure, Japan's economy dropped into a recession
which raises concerned that that Prime Minister Shinzo Abe may put off a second
tax increase planned for next year. Back home, investors will keep an hawkish
eye on RBI policy review as focus shifted from corporate earnings season to
macroeconomic policies. The stocks of Tata Motors, GMR Infrastructure, SpiceJet,
ONGC, Sun Pharma will be on focus as they released their earnings after closing
hours on Friday. HDFC Bank will also remain in focus after RBI gave nod for FIIs
stake buying in the company.
