Market Likely To Open Flat

Indian equities market rose for a third consecutive trading session on Monday following as Reliance Industries surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic grew better than expected amid lingering concerns. The Sensex was up 150.32 points or 0.5% at 27364.92 and the Nifty was up 36.90 points or 0.4% at 8275.05. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.69% and 0.77% respectively.

U.S. stocks finished Monday’s range-bound session marginally higher, as steep losses for energy stocks, following a drop in oil prices, kept a lid on the main indexes. The Dow Jones Industrial Average inched up 14.57 points, or 0.1%, to 17230.74, and the S&P 500 edged 0.03%. The Nasdaq Composite, which has a lighter oil-and-gas company weighting, rose 0.4%.

European markets finished mixed on Monday as investors digested the latest economic figures out of China, amid a downturn in oil prices and mining stocks. The pan-European STOXX 600 closed up 0.3%. The Paris CAC 40 edged up 0.1% to 4,704.07 points and Frankfurt's DAX 30 index in contrast rose 0.6% to finish at 10,164.31 points. London's benchmark FTSE 100 index lost 0.40% to close at 6,352.33 points.

Asian equity markets were mostly lower early Tuesday, amid lingering worries over China's slowing economy and as oil prices weakened. Japan’s NIKKEI 225 index and South Korea’s Kospi index gained 0.1% each. New Zealand’s S&P/NZX 50 Index rose 1.06%. Australia’s S&P/ASX 200 Index dropped 0.46%. China's share markets opened down, with the key Shanghai Composite dipping 0.53% at the start of trade.

A SGX CNX Nifty Index future for October delivery was down 3.5 points at 8,268.50. Indian market is likely to open flat. ACC, Bajaj Finserv, Bajaj Finance, BASF, Bayer Crop, Biocon, CanFin Homes, CONCOR, DHFL, Everest Ind, Fedral Bank, GM Breweries, Hatsun Agro, Hero Motocorp, Jyothy Lab, Kajaria Ceramics, Syngene International, Welspun India, Zee Media and Zensar Technologies would be reporting third quarter earnings today.