Pre Session: Soft opening seen for Sensex; CPI and IIP data eyed
12/02/2015 08:44
The key domestic benchmarks are tipped to open on a flat note today tracking muted cues from Asian peers as US markets closed lower in overnight trade after investors turned cautious ahead of outcome of Greece talks, with no compromise reached yet over the country’s funding problems as the Mediterranean nation refuses to buck under EU pressure to stick to an austerity path. Among the Asian markets, most of the stocks were trading in red amid persistent crisis in euro zone, with no progress in the talks on the ongoing Greek debt negotiations.
Back home, investors will keep an eye on CPI and IIP data due to be released later during the day. Further, FM decision to defer GAAR issue for next two year will add optimism to market. On the corporate front, BHEL, Cipla, Coal India and Hindalco will announce their earnings number. Among others, shares of M&M will be in focus as it plans to make a big-bang entry into the defence sector, with the acquisition of 25-30 per cent stake in Pipavav Defence.
12/02/2015 08:44
The key domestic benchmarks are tipped to open on a flat note today tracking muted cues from Asian peers as US markets closed lower in overnight trade after investors turned cautious ahead of outcome of Greece talks, with no compromise reached yet over the country’s funding problems as the Mediterranean nation refuses to buck under EU pressure to stick to an austerity path. Among the Asian markets, most of the stocks were trading in red amid persistent crisis in euro zone, with no progress in the talks on the ongoing Greek debt negotiations.
Back home, investors will keep an eye on CPI and IIP data due to be released later during the day. Further, FM decision to defer GAAR issue for next two year will add optimism to market. On the corporate front, BHEL, Cipla, Coal India and Hindalco will announce their earnings number. Among others, shares of M&M will be in focus as it plans to make a big-bang entry into the defence sector, with the acquisition of 25-30 per cent stake in Pipavav Defence.
