Markets may remain subdued in line with global peers

Subdued global cues indicate that the Indian markets may open flat to negative with the SGX Nifty trading down by 14 points at 10,186.  

Today will be an action packed day as over 25 companies will report their earnings. The stocks of companies like Ambuja Cement, Asian Paints, HDFC Bank, Infosys, Zee Entertainment, ABB India, Can Fin Homes, Mahindra CIE Automotive, Rallis India, Raymond, ICICI Prudential, Chambal Fertilizers, Radico Khaitan, Philips Carbon Black, Saregama, Visa Steel will be in focus today as these are expected to announce earnings today.  

Equity markets in Asia were trading mixed as Japan's Nikkei 225 and China’s Shanghai Composite are trading with nominal gains of 0.12% and 0.09%, respectively, while Hong Kong’s Hang Seng has slipped 0.01%.  

Back home, Indian benchmark indices ended the first trading session of the fresh week on a positive note. The BSE Sensex gained 117 points to finish at 32,507 and the Nifty settled at 10,185 with gains of about 38 points. In line with the benchmark indices, the broader market also closed in the green, with Nifty Mid-cap adding 0.29% and the Nifty Small-Cap inching up 0.17%. Stock-wise, Bharti Airtel, Ultratech Cement and Reliance Industries were among the top gainers.  

The US stocks ended in negative territory on Monday as all three benchmark indices retreated from their record highs amid sell-off in technology and industrial stocks. The Dow Jones Industrial Average slipped 55 points to 23,274, the Nasdaq Composite index shed 42 points to 6,587 and the S&P 500 lost 10 points to 2,565.   

The European indices eked out minor gains on Monday. The French CAC 40 index edged up 0.27%, the German DAX rose 0.09% and the FTSE 100 of the UK managed to close about the neutral line.