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Market may see opening gains on positive global cues

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Market may open higher tracking positive sentiment in overseas markets. Trading of 50 index futures on the stock exchange indicates that the could rise 19.50 points at the opening bell.

Overseas, Asian stocks edged higher as investors in the region digested earnings guidance from tech heavyweight and kept an eye on ongoing inter-talks. North and have begun high-level talks, the first between the countries in two years. The meeting, at the Peace House in the truce village of Panmunjom, will focus on North Korea's possible participation in the 2018 Winter Olympic Games, taking place in in February. US called the talks a "big start", adding that it would be a "great thing for all of humanity" if they resulted in a positive outcome.

In the US, the 500 and Nasdaq composite finished Monday's session at all-time highs as investors remained optimistic on the US economy.

Closer home, foreign portfolio investors (FPIs) bought shares worth a net Rs 692.83 crore yesterday, 8 January 2018, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 206.30 crore yesterday, 8 January 2018, as per provisional data.

Among corporate news, will be watched after its foreign unit, (JLR), reported a 0.6% growth in to 55,697 vehicles in December 2017 over December 2016. fell 7.8% to 15,079 units as solid sales of the long wheel base in and the introduction of the E-PACE were more than offset by softer sales of XE and rose 4.1% to 40,618 units led by the introduction of the Velar and the sales ramp up of the all new Discovery. The announcement was made after market hours yesterday, 8 January 2018.

The registered modest gains on positive global cues yesterday, 8 January 2018, with the barometer index, the and the 50 index, hitting record high levels in the intraday as well as on closing basis. The Sensex had risen 198.94 points or 0.58% to settle at 34,352.79.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 09 2018. 08:12 IST