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Market Ahead: Global cues, oil prices eyed; Britannia to be in focus today

Optimism over US-China trade talks and report that UK Prime Minister Theresa May could seek to delay a Brexit deadline are expected to influence investor sentiment on Tuesday.

BS Web Team New Delhi
bse, sensex, bombay stock exchange
The HDFC Bank counter witnessed volumes of Rs 21 billion in the cash segment

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Last Updated : Feb 26 2019 | 8:00 AM IST

Optimism over US-China trade talks and report that UK Prime Minister Theresa May could seek to delay a Brexit deadline are expected to influence investor sentiment on Tuesday. Besides this, stock-specific action, crude oil prices and movement of rupee against the US dollar will also be on investors' radar. 

STOCKS IN FOCUS TODAY

HPCL, Britannia: Britannia Industries will replace Hindustan Petroleum Corporation in the Nifty50 index from March 29, the National Stock Exchange (NSE) said on Monday.

Lupin: Drug firm Lupin Monday said it has received approval from the US health regulator to market Methylprednisolone tablets used for treatment of inflammation in many conditions.

Sharda Motor: The company on Monday said it has formed a joint venture with Germany-based Eberspaecher Exhaust Technology International to develop, produce and sell BS-VI compliant exhaust aftertreatment systems for Indian commercial vehicle manufacturers.

DHFL: According to news reports, rating agency ICRA has downgraded its short-term rating on DHFL's commercial paper programme worth Rs 8,000 crore from 'A1+' to 'A2'.

TRADE SET-UP

Asian stocks were trading mixed in the early trade on Tuesday, a day after they scaled a five-month peak on US-China trade truce while the pound climbed to near four-week highs on a report UK Prime Minister Theresa May could seek to delay a Brexit deadline. 

In the overnight trade, US stocks ended higher. The Dow Jones Industrial Average rose 60.14 points to close at 26,091.95 while the S&P 500 added 0.1 per cent to finish its trading day at 2,796.11. In the commodity market, oil prices edged higher after slipping 3 per cent in the previous session. 

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First Published: Feb 26 2019 | 7:52 AM IST

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