Sensex, Nifty likely to open flat; Hero MotoCorp, Tata Motors, DHFL in focus
Episode 287, Jul 02, 2019, 02:46 AM
Indian benchmark indices are likely to open little changed on Tuesday, tracking muted trends in global markets.
Asian shares traded mixed after disappointing PMI data. Meanwhile, US stocks hit record highs in the previous session following progress in US-China trade negotiations.
Indian markets have turned cautious ahead of the Union Budget, which will be presented in the Parliament on July 5. On Monday, the broader NSE Nifty50 closed 0.65 percent higher at 11,865.60, while the benchmark 30-share BSE index settled 0.74 percent firmer at 39,686.50.
At 7.00 AM, SGX Nifty an early indicator of the Nifty 50's trend in India, traded only 9 points or 0.08 percent higher, indicating a flat start for the Nifty 50 and the Sensex.
Stocks to watch: Hero MotoCorp, Tata Motors, DHFL in focus.