 "Cautious opening expected; US Fed meet eyed")
Markets are likely to see on a flat-to- negative opening as the caution continues to prevail among the global peers ahead of the US FOMC meet due later during the week. However, investors might get a chance to enjoy on the back of favourable macro-economic numbers.
Movement of rupee and crude oil coupled with FII stance are likely to dictate the trend on the bourses.
MACRO-ECONOMIC DATA
Inflation based on the consumer price index (CPI) declined to a nine-month low of 3.66 per cent in August from 3.69 per cent in July, but the rate of food price rise went up to 2.20 per cent from 2.15 per cent.
Wholesale price index for the month of August has contracted further to 4.95% The government is scheduled to unveil the consumer price index (CPI) data for the month of August 2015 after market hours today.
The IIP numbers that were announced on Friday post market hours showed that the industrial output grew at 4.2% in July thus indicating a revival in Indian economy.
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STOCKS TO WATCH
Consumer Durables and FMCG stocks are likely to remain in focus on the back of favourable CPI numbers.
Rate sensitives are likely to reamin in focus on the back of positive macro-economic numbers as investors hope for a rate cut in the next monetary policy.
Corporation Bank is likely to hog limelight on reports that LIC will infuse Rs 143 crore into the bank by way of preferential equity.
Sun Pharma is planning to acquire US Based InSite Vision Inc according to media reports.
Reserve Bank has allowed foreign investors to invest up to 40 per cent of the paid up capital in Maruti Suzuki under the Portfolio Investment Scheme.
Texmaco Rail Engineering’s board has approved acquiring a majority 76 per cent stake in Bright Power for Rs 100 crore.
Asian Paints has transferred the entire holding in its subsidiaries to Berger International Limited, Singapore to consolidate investments of the company in overseas subsidiaries.
GLOBAL MARKET
Asian shares and the dollar inched higher on Tuesday but caution reigned after Wall Street skidded as investors awaited this week's US Federal Reserve policy decision.
Japan's Nikkei stock index rose 0.6% as investors awaited the outcome of the Bank of Japan's two-day policy meeting later this session, as well as BOJ Governor Haruhiko Kuroda's post-meeting speech.