Pre Session: D-Street may see flat opening; Parliament monsoon session eyed
21/07/2015
The Indian equities is likely to see mute opening today, tracking muted cues from Asian peers as traders kept a wary eye on the drop in commodity prices. Investors will keep an eye on the earnings of benchmark stocks Infosys and HDFC Bank. Analysts at Economic Times expect Infosys to report 2.7-3 per cent sequential growth in the dollar denominated revenue for the June 2015 quarter, while HDFC Bank is expected to report 21.9 per cent YoY growth in net profit to Rs 2,721 crore during June quarter. Besides, traders will keep a close eye on the monsoon session of parliament which starts today where key bills are expected to be presented. On the global front, Asian stocks were trading mostly higher, barring Chinese market, as a weaker yen boosted appetite for Japanese equities. China's benchmark Shanghai Composite were trading lower, paring early losses, as traders kept a wary eye on the drop in commodity prices. In overnight trade, US equities ended slightly higher, led by Nasdaq Composite, on the back of a better-than-expected start to corporate earnings season. Back home, Nifty India stock futures in Singapore were trading marginally lower, indicating a negative opening on the domestic market.
Snapping three-day gaining streak, the Indian benchmark indices ended lower on Monday, led by losses in rate sensitive stocks, led by losses in the IT, banking, auto and financial stocks.
21/07/2015
The Indian equities is likely to see mute opening today, tracking muted cues from Asian peers as traders kept a wary eye on the drop in commodity prices. Investors will keep an eye on the earnings of benchmark stocks Infosys and HDFC Bank. Analysts at Economic Times expect Infosys to report 2.7-3 per cent sequential growth in the dollar denominated revenue for the June 2015 quarter, while HDFC Bank is expected to report 21.9 per cent YoY growth in net profit to Rs 2,721 crore during June quarter. Besides, traders will keep a close eye on the monsoon session of parliament which starts today where key bills are expected to be presented. On the global front, Asian stocks were trading mostly higher, barring Chinese market, as a weaker yen boosted appetite for Japanese equities. China's benchmark Shanghai Composite were trading lower, paring early losses, as traders kept a wary eye on the drop in commodity prices. In overnight trade, US equities ended slightly higher, led by Nasdaq Composite, on the back of a better-than-expected start to corporate earnings season. Back home, Nifty India stock futures in Singapore were trading marginally lower, indicating a negative opening on the domestic market.
Snapping three-day gaining streak, the Indian benchmark indices ended lower on Monday, led by losses in rate sensitive stocks, led by losses in the IT, banking, auto and financial stocks.
