Indian stock markets opened flat on Tuesday owing to the mixed sentiments over remaining second-quarter earnings. The Consumer Price Index (CPI) for October has accelerated to a seven-month high of 3.5% from a year ago, mainly driven by higher prices of housing, fuel, pan, tobacco and intoxicants, after going down in the previous month, government data showed on Monday. Meanwhile, Asian stocks faltered on Tuesday as Chinese economic data disappointed and investors pondered whether a marked flattening in the US yield curve might ultimately be a harbinger of a slowdown there. US stock indexes rose on Monday as a sharp drop in General Electric shares was more than offset by gains in high dividend-paying sectors including consumer staples and utilities. BSE Sensex opened 43.53 points or 0.13% at 32,990.03 while NSE Nifty lost 1.55 points or 0.02% 10,223.4. Later today, WPI — food, manufacturing, fuel, inflation — is scheduled to be announced around 12 noon and balance of trade in the evening.
Even as the government demands millions of dollars in dividends from state companies to make up for an expected tax revenue shortfall this fiscal year, there have been a few PSU stocks which have consistently declared a very high dividend.
1.00 pm: This Children’s day look at these 5 long-term saving options to secure your kids’ future
Even as we celebrate Children’s day, many parents maybe looking out for various options to invest their hard-earned money, to build a corpus for their children’s education, or marriage and to secure their future.
Indian telecom major Bharti Airtel announced on Tuesday that it has completed a secondary share sale in Bharti Infratel via its wholly-owned subsidiary, Nettel Infrastructure Investments Limited for a total of Rs 3,325 crore.
Amid the ongoing earnings season, top market voices point out that Nifty companies have reported better than expected earnings in the quarter ended September-17.
Global research firms such as Macquarie, Morgan Stanley and CLSA remain bullish on the shares of Jubilant FoodWorks, after the company announced a two-fold rise in net profit in the latest quarter.
10.23 am: Khadim shares mark a dull exchange debut; stock tanks 5% from its IPO price: Shares of Khadim India marked an unexciting debut on the stock market on Tuesday after the footwear retailer concluded its IPO recently last week.
9.49 am: Sensex, Nifty stalls ahead of WPI inflation data; Sun Pharma cracks ahead of Q2 results: Sensex and Nifty edged little higher in the opening trade but traded mostly unchanged on Tuesday after opening flat ahead of the key macroeconomic data release.
8.59 am: Stocks of Rajesh Exports, Eicher Motors, Sun Pharma, JP Associates, Tata Global Beverages, Reliance Capital in focus today: Indian stock markets are likely to open lower on Tuesday as most of the Asian markets were stalled in the early trade today following the disappointment over Chinese economic data.