 "Firm global cues likely to perk up markets")
Benchmark share indices are likely to witness a positive start on Tuesday tracking firm gains in Asia and overnight rally on Wall Street.
At 8:35am, the early indicator SGX Nifty was up 30 points at 7,909.
Global Markets
Most Asian markets were trading firm tracking overnight gains on Wall Street. Uptick in crude oil futures in Asian trade also aided sentiment. Japanese shares gained the most with the benchmark Nikkei up nearly 1% while the Shanghai Composite was trading flat with negative bias and Hang Seng was up 0.2%. Singapore's Straits Times was trading 0.4% higher.
US stocks ended over 1% higher on Monday led by gains in Apple shares after Warren Buffett's Berkshire Hathaway Inc in a regulatory filing disclosed that it holds a stake in Apple worth around $1 billion. Further, rise in crude oil prices on supply concerns led to a rally in energy shares. The Dow Jones industrial average ended up 1% at 17,711, the S&P 500 gained 1% to close at 2,067. The tech-laden Nasdaq settled 1.2% higher at 4,775 with Apple shares rising 3.7%.
Stocks
L&T Finance Holdings may see some action on reports that it is considering selling stake in Fidelity Mutual Fund which it had acquired in 2012 to a foreign partner.
Petronet LNG is likely to firm up after the company reported strong volume growth in the fourth quarter.
JK Tyre may firm up after the company reported 10% growth in profit after tax at Rs 117 crore in the fourth quarter.
Triveni Engg may gain after the company reported net profit of Rs 44 crore against a loss last year on the back of higher realisations on the back of firm sugar prices.
Strides Shasun is likely to firm up after the board approved divestment of Shasun Pharma Solutions Ltd, UK. Further net profit for the March quarter surged to Rs 96 crore compared with Rs 11 crore in the same quarter last fiscal.
Excel Crop Care is likely to gain after the company reported sharp surge in standalone net profit at Rs 7.6 crore for the March 2016 quarter compares with Rs 1.7 crore in the same quarter last fiscal.
PSU oil marketing companies such as HPCL, BPCL and IOC are likely to gain after hike in retail petrol price by 83 paise per litre and diesel by Rs 1.26 a litre.
Wipro is likely to see some action after the IT major signed a pact with Xactly Partner for Cloud-based Solutions to help customers improve sales performance and drive growth.
Coal India and NTPC are likely to be in focus on plans to form a joint venture company to take up the revival of fertiliser plants of Fertiliser Corporation of India at select locations.
Motherson Sumi, Bharat Forge, Voltas and GSK Consumer Healthcare will react to their March quarter earnings scheduled for release later today.
At 8:35am, the early indicator SGX Nifty was up 30 points at 7,909.
Global Markets
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Most Asian markets were trading firm tracking overnight gains on Wall Street. Uptick in crude oil futures in Asian trade also aided sentiment. Japanese shares gained the most with the benchmark Nikkei up nearly 1% while the Shanghai Composite was trading flat with negative bias and Hang Seng was up 0.2%. Singapore's Straits Times was trading 0.4% higher.
US stocks ended over 1% higher on Monday led by gains in Apple shares after Warren Buffett's Berkshire Hathaway Inc in a regulatory filing disclosed that it holds a stake in Apple worth around $1 billion. Further, rise in crude oil prices on supply concerns led to a rally in energy shares. The Dow Jones industrial average ended up 1% at 17,711, the S&P 500 gained 1% to close at 2,067. The tech-laden Nasdaq settled 1.2% higher at 4,775 with Apple shares rising 3.7%.
Stocks
L&T Finance Holdings may see some action on reports that it is considering selling stake in Fidelity Mutual Fund which it had acquired in 2012 to a foreign partner.
Petronet LNG is likely to firm up after the company reported strong volume growth in the fourth quarter.
JK Tyre may firm up after the company reported 10% growth in profit after tax at Rs 117 crore in the fourth quarter.
Triveni Engg may gain after the company reported net profit of Rs 44 crore against a loss last year on the back of higher realisations on the back of firm sugar prices.
Strides Shasun is likely to firm up after the board approved divestment of Shasun Pharma Solutions Ltd, UK. Further net profit for the March quarter surged to Rs 96 crore compared with Rs 11 crore in the same quarter last fiscal.
Excel Crop Care is likely to gain after the company reported sharp surge in standalone net profit at Rs 7.6 crore for the March 2016 quarter compares with Rs 1.7 crore in the same quarter last fiscal.
PSU oil marketing companies such as HPCL, BPCL and IOC are likely to gain after hike in retail petrol price by 83 paise per litre and diesel by Rs 1.26 a litre.
Wipro is likely to see some action after the IT major signed a pact with Xactly Partner for Cloud-based Solutions to help customers improve sales performance and drive growth.
Coal India and NTPC are likely to be in focus on plans to form a joint venture company to take up the revival of fertiliser plants of Fertiliser Corporation of India at select locations.
Motherson Sumi, Bharat Forge, Voltas and GSK Consumer Healthcare will react to their March quarter earnings scheduled for release later today.