 "Q3 earnings, crude oil and global trends to set the tone for markets")
Markets are likely to open the session on a flat-to-negative note as caution continues to envelop the street ahead of the December quarterly earnings season starting today with IT giant TCS and IndusInd Bank posting their numbers today.
Meanwhile, the global markets continue to remain unnerved amid China growth concerns along with a sharp decline in the crude oil prices and quoting near 12 year low on oversupply glut.
Investors will keenly await for the Consumer Price Inflation numbers due to be unveiled by the government later today.
GLOBAL STOCKS
Asian equities are trading near four year lows on China growth worries. Meanwhile, oil prices plunged near 12-year lows on oversupply glut. Japan's Nikkei slipped 1.3% hitting a three-month low and down over 8% so far this year. In addition, China’s Shanghai Composite has extended its losses and is down 1%. However, on the Wall Street, the S&P 500 .SPX managed to stabilise on Monday after three day of losses, finishing 0.1% higher.
STOCKS IN LIMELIGHT
TCS and IndusInd Bank are likely to remain in focus as they are scheduled to release their earnings results for the December quarter today.
HDFC is likely to see some action after HDFC Life has set up a wholly-owned subsidiary in the Dubai International Financial Centre (DIFC) called the 'HDFC International Life and Re Company Limited' (HILRCL) with an initial capital outlay of $12.33 million.
Tata Motors will remain on the radar after it declared its sales volumes for the month of December 2015. The Group, which owns brands like Jaguar and Land Rover, witnessed Global sales at 91,762 units, a growth of 7% YoY.
Road infrastructure stocks are likely to see some action after government decided to spend Rs 11,000 crore in the next five years to fix black spots across the country in a bid to reduce accidents by 50 per cent.
IOB will rationalise the number of its regional offices by closing 10 such offices to improve efficiency.
Country's largest oil marketing company Indian Oil announced its partnership with logistics start-up firm Fortigo, aimed at providing technology based solutions to small truck owners.
Adani Ports and Special Economic Zone plans to raise Rs 4,500 crore through long-term debentures. The aim is to reduce short-term debt and finance projects, including those at Mundra in Gujarat.
IT pack will be in focus as India's export-driven IT outsourcing firms are likely to raise client fees and process more work from their centres in India to cushion the impact of an increase in fees for work visas in the United States, their top market, investors said. The new US measure will shave 50-60 basis points off the profit margins of information technology firms including Tata Consultancy Services (TCS) and Infosys from the next fiscal year starting April 1, they said.
Indian Bank is planning to raise about Rs 1,100 crore to raise Basel III complaint Tier II Bonds.
