Market is seen to witness a subdued opening lacking clear global cues. Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 1 point at the opening bell.
In overseas stock markets, Asian stocks edged lower today, 13 October 2015. US stocks eked out small gains yesterday, 12 October 2015, amid caution ahead of the earnings season.
Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 317.56 crore yesterday, 12 October 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 175.07 crore yesterday, 12 October 2015, as per provisional data.
Among corporate news, IT major TCS announces its Q2 September 2015 earnings today, 13 October 2015.
Hero MotoCorp (HMCL) after market hours yesterday, 12 October 2015 announced that the company has launched the New Splendor PRO, the flagship bike of the iconic Splendor franchise, with youthful new design and bold styling. Attractively priced at Rs 46,850 ex-showroom Delhi, the new Splendor PRO will go on sale at dealerships across the country, from 13 October 2015, the first day of the auspicious Navratra, which marks the beginning of the festive season. HMCL also said that priced at Rs 49,500 ex-showroom Delhi, the retail sales of Hero's new scooter Maestro Edge, the first of the products developed on Hero's own in-house technology will also commence from 13 October 2015.
A disappointing start to the second quarter earnings season weighed on sentiment, pulling key benchmark indices edged lower on the first trading day of the week yesterday, 12 October 2015. The Sensex dropped 175.40 points or 0.65% to settle at 26,904.11, its lowest closing level since 8 October 2015.
Among macro economic data, latest data showed that the all-India general CPI inflation increased to 4.4% in September 2015, compared with 3.7% reading in August 2015. The corresponding provisional inflation rate for rural area was 5% and urban area 3.6% in September 2015 as against 4.5% and 2.8% in August 2015. The core CPI inflation rose to 4.1% in September 2015 from 3.9% in August 2015.
Another data showed that India's Index of Industrial Production (IIP) accelerated to 34-months high of 6.4% in August 2015 over a year ago compared with the revised growth of 4.1% in July 2015. The favourable base effect has boosted the IIP growth in August 2015, as the IIP growth was subdued at 0.5% in August 2014.
Powered by Capital Market - Live News
