 "Pre-market: Positive opening seen, RBI policy in focus")
Benchmark share indices are likely to open marginally higherb ut further gains may be capped amid profit taking ahead of
the RBI's monetary policy review.
Asian stocks were mixed in early trades as investors adopted wait-and-watch ahead of the two-day FOMC meet. The Nikkei
was down 0.5% as investors booked profit after sharp gains on Monday. Straits Times was down 0.3% while Hang Seng was trading 0.4% higher.
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At 7:15AM, the SGX Nifty was up 21 points at 6,128.
US markets extended gains to end higher on Monday ahead of the two-day FOMC meet on hopes that the Federal Reserve Bank would continue its monetary stimulus measures. The Dow Jones ended up 26 points at 15,596, the S&P 500 rose to new high to close 5 points up at 1,765 and the Nasdaq Composite inched up 3 points to end at 3,945.
European shares ended flat on Monday. The FTSE-100 gained 4 points to end at 6,726, Germany's DAX ended 7 points down at 8,979 and France's CAC-40 ended down 21 points at 4,252.
Stocks in focus
Rate sensitive shares especially banks will be in focus depending on the decision by the central bank on key policy rates.
Maruti Suzuki may firm after the car major posted better-than-expected second quarter earnings.
Tata Steel, JSW Steel will be in action as they have been shortlisted to bid for Stemcor's India assets.
Sundaram Finance will be in action after reporting 11% rise in net profit for the second quarter (Jul-Sep) to Rs 123 cr.
Ceat may firm up after the tyre maker posted 20-fold jump in Q2 consolidated net profit due to lower raw material costs and demand from passenger car segment.