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Markets are likely to open flat amid sluggish trades among major Asian markets. Further, power and metal stocks will be in focus as the Supreme Court is scheduled to annuounce its decision on coal block allocations.
Asian markets were trading in a very narrow range. Stocks in Japan rose led by exporters' shares after the yen weakened against the US dollar. The benchmark Nikkei was up 0.3%. Shanghai Composite and Hang seng were trading 0.1% higher. Straits Times was trading with marginal gains.
US markets ended mixed on Monday with the Dow Jones and S&P 500 ending with marginal losses weighed down by oil shares after crude prices softened while the tech-laden Nasdaq ended higher led by Yahoo.
The Dow Jones Industrial Average ended down 0.15% points at 17,111 and the S&P 500 ended down 0.31% at 2,001.53 and the Nasdaq ended up 0.2% at 4,592.29.
Stocks to watch:
Shares of metal and power companies will be in focus with the apex court scheduled to announce its decision on coal block allocations.
Eicher Motors, Motherson Sumi and TVS Motors will be in focus as these stocks will be included in the F&O segment from tomorrow, September 10.
Cipla will be in focus after the company entered into a commercial collaboration with S&D Pharma in the Czech Republic and Slovakia.
Hungary secured European Union regulatory approval on Monday to grant 95.7 million euros ($123.9 million) in aid to Apollo Tyres to build a tyre plant in the north of the country.
Jayshree Chemicals has sold its chlor-alkali business for a consideration of Rs 212 crore.
