BSE Sensex and Nifty 50 have been most likely to open flat on Tuesday, amid a surge in COVID-19 situations and mixed international cues. Investors will closely watch the trends in increasing coronavirus situations, ongoing vaccination drive, stock-distinct improvement and foreign fund inflow. Also, Indian markets will track international cues just after the current announcement of infra investment strategy by US president. Market participants would now concentrate on upcoming quarterly benefits which would kick get started from mid-April. Domestically, issues more than the rapidly spreading 2nd wave of Covid in India continues to stay, mentioned Siddhartha Khemka, Head – Retail Research, Motilal Oswal Financial Services Ltd.
SGX Nifty flat: Nifty futures have been trading flat, up 17 points or .12 per cent at 14,739 on Singaporean Exchange, hinting at a flat to positive opening on Tuesday.
FII and DII activity: On Monday, foreign institutional investors offloaded shares worth Rs 931.66 crore, though domestic institutional investors (DIIs) lapped up shares worth Rs 75.48 crore on a net basis in the Indian equity industry, as per provisional information readily available on the NSE.
Global watch: Asian stock markets have been trading mixed on Tuesday with Japan’s Nikkei 225 down practically one per cent though the Topix index fell .8 per cent. South Korea’s Kospi also declined half a per cent. In overnight trade on Wall Street, US stock indices Dow Jones and S&P 500 closed at record levels. The Dow Jones Industrial Average rose 1.13 per cent, the S&P 500 gained 1.44 per cent, and the Nasdaq Composite added 1.67 per cent.
Gross FDI inflows hit record $72 bn: Gross foreign direct investment (FDI) inflows in India rose 15% year-on-year in the very first ten months of this fiscal to a record $72.12 billion. Gross inflows, which consist of FDI in equities, reinvested earnings, equity capital of unincorporated bodies and other capital, have been boosted by an practically 46% surge, year on year, witnessed in the personal computer application and hardware segments.
RBI MPC selection on Apr 7: RBI Governor Shaktikanta Das-headed price-setting panel MPC began its 3-day deliberation on monetary policy on Monday. The central bank will announce the resolution of the Monetary Policy Committee (MPC) on April 7. Experts are of the view that the Reserve Bank will keep status quo on policy prices at its very first bi-month-to-month monetary policy critique for the existing fiscal.