Markets may open flat

Indian benchmark indices ended a dull day of trade with marginal losses on Monday, with indices oscillating in a narrow range for the most part of the day. However, the action was seen in the broader market, the BSE Mid cap index surged 1.06 per cent, while Small cap index was up by 1.15 per cent.

The European markets ended Monday’s session with mixed results. The DAX of Germany shed 0.33 per cent, but the CAC 40 of France gained 0.09 per cent. The FTSE 100 of the U.K. advanced 0.27 per cent.

U.S stocks ended higher on Monday with Dow registering its 9th straight record and the S&P 500 also logging an all-time high on Monday. The Dow edged up 26 points to 22,118. The S&P 500 advanced 4 points to 2,481. The Nasdaq climbed 32 points to 6,384.

Asian markets were trading bit subdued in early trade on Tuesday. Japan’s Nikkei 225 has lost 62 points. Hong Kong Hang Seng has slipped 40 points. China’s Shanghai Composite trading flat.

The outlook for the day is a quieter start with a positive bias as cues from Asian markets are subdued and the muted trend in the SGX Nifty which was trading at 10,092 up by 3 points, indicating a flat start for the day. Key stocks which will report their quarterly earnings on Tuesday are as follows Bank of India, Chambal Fertilizers, Century Textile, Jindal Steel, KSCL, NCC, Tata Chemical and SRF.