Free Intraday Tips Today : 16.06.2015
Pre Session: D-street seen opening flat on Greece woes16/06/2015
The Indian equity benchmarks may open on flat note on Tuesday, tracking muted cues from Asian peers who were trading lower as investors weigh Greece standoff and fear of China tightening monetary stance. Meanwhile, US stocks closed in negative terrain on fear of possible debt default by Greece. Further, a negative opening of the SGX CNX Nifty Index futures for June delivery further validates a bearish opening for domestic bourses. Back home, shares of Reliance Communications Ltd & Sistema Shyam TeleServices will be in focus on reports of potential merger deal talks. Among others, Kotak Mahindra Bank may see some movement after the Foreign Investment Promotion Board (FIPB) deferred lender’s proposal for raising foreign investment limit in the bank to 55 per cent from the existing more than 48 per cent.
On Monday, the Indian equities ended higher led by gains in index heavyweights such as Sun Pharma, Bajaj Auto, Reliance Industries, M&M and HDFC, as investors maintained fresh positions amid value buying opportunities. The improvement in the key macro indicators, CPI, WPI and IIP data, proved an icing on the cake for the market which helped equities recovered from early losses, bucking muted trend from Asian peers.
