 "Pre-market: Five stocks to watch out for in trade today")
Benchmark share indices are likely to open lower on Tuesday tracking mixed cues from Asia and overnight losses on Wall Street. Meanwhile, selling by foreign funds is likely to weigh on market sentiment.
At 8:35 a.m., early indicator SGX Nifty was trading 11 points lower at 8,137.
Foreign funds were net sellers in equities worth Rs 186 crore on Monday.
The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from August's final reading of 50.2.
Japanese shares witnessed profit taking and the benchmark Nikkei was down 0.7%. However, shares in China and Hong Kong rebounded after the sharp fall on Monday. The Shanghai Composite was up 0.2% and Hang Seng was trading with positive bias. Meanwhile, Singapore's Straits Times was trading 0.2% higher.
Major US share indices ended sharply lower on Monday investors trimmed positions over weaker than expected housing data which raised concerns about the economic recovery there.
Existing home sales in August were down 1.8% as against expectation of 1% growth. Real estate stocks were the most hit with Toll Brothers ending 3.1% lower.
The Dow Jones dropped 107 points at 17,172.68, the Nasdaq ended down 52 points at 4,527.69 and the broader S&P 500 recorded its biggest single day drop since August 5. The S&P 500 ended down 16 points at 1,994.29.
Stocks to watch
Sharda Cropchem will list on the stock exchanges today. The Rs 352-crore initial public offer (IPO) of Sharda Cropchem received overwhelming response from investors and was subscribed 60 times.
Bharti Shipyard has reportedly sold wind power business for Rs 55 crore. As per the CDR norms, State Bank of India, the lead bank, at the instruction of CDR Banks, has decided to sell the Non-core Asset of Bharati Shipyard Limited.
IFCI Ltd has informed that IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India Limited in Financial Year 2014-15.
Pidilite Industries Ltd has informed BSE that the parties have closed and completed the acquisition of the adhesive business of Bluecoat Private Limited on a slump sale basis for a cash consideration of Rs. 263.57 crores (Rupees Two Hundred and Sixty Three Crores and Fifty Seven Lakhs only).
National Buildings Construction Corporation has been in an uptrend since the past few sessions. The company last week signed an MoU with National Waqf Development Corporation Limited (NAWADCO), for development of waqf properties all over India as Institutional and commercial projects.
At 8:35 a.m., early indicator SGX Nifty was trading 11 points lower at 8,137.
Foreign funds were net sellers in equities worth Rs 186 crore on Monday.
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Asian shares were trading mixed on Tuesday after encouraging manufacturing data from China. Activity in China's manufacturing sector unexpectedly picked up in September even as factory employment slumped to a five and a half-year low, a survey showed on Tuesday, a potential source of worry for Communist leaders who prize social stability above all else.
The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from August's final reading of 50.2.
Japanese shares witnessed profit taking and the benchmark Nikkei was down 0.7%. However, shares in China and Hong Kong rebounded after the sharp fall on Monday. The Shanghai Composite was up 0.2% and Hang Seng was trading with positive bias. Meanwhile, Singapore's Straits Times was trading 0.2% higher.
Major US share indices ended sharply lower on Monday investors trimmed positions over weaker than expected housing data which raised concerns about the economic recovery there.
Existing home sales in August were down 1.8% as against expectation of 1% growth. Real estate stocks were the most hit with Toll Brothers ending 3.1% lower.
The Dow Jones dropped 107 points at 17,172.68, the Nasdaq ended down 52 points at 4,527.69 and the broader S&P 500 recorded its biggest single day drop since August 5. The S&P 500 ended down 16 points at 1,994.29.
Stocks to watch
Sharda Cropchem will list on the stock exchanges today. The Rs 352-crore initial public offer (IPO) of Sharda Cropchem received overwhelming response from investors and was subscribed 60 times.
Bharti Shipyard has reportedly sold wind power business for Rs 55 crore. As per the CDR norms, State Bank of India, the lead bank, at the instruction of CDR Banks, has decided to sell the Non-core Asset of Bharati Shipyard Limited.
IFCI Ltd has informed that IFCI will partially disinvest its shareholding in Tourism Finance Corporation of India Limited in Financial Year 2014-15.
Pidilite Industries Ltd has informed BSE that the parties have closed and completed the acquisition of the adhesive business of Bluecoat Private Limited on a slump sale basis for a cash consideration of Rs. 263.57 crores (Rupees Two Hundred and Sixty Three Crores and Fifty Seven Lakhs only).
National Buildings Construction Corporation has been in an uptrend since the past few sessions. The company last week signed an MoU with National Waqf Development Corporation Limited (NAWADCO), for development of waqf properties all over India as Institutional and commercial projects.