Markets may open flat; Tata Motors DVR, NTPC in focus

Tata Motors DVR will be in focus on inclusion in the Nifty50

Markets are likely to open flat with three stocks that will be included in the Nifty50 along with Tata Motors DVR and NTPC in which the government plans to divest 5% stake.

At 8:35am, the early indicator SGX Nifty was up 2 points at 7,238.

"The US markets on Monday rose, helped by the rally in oil prices and Asian markets were trading mixed. Indian markets are expected to open with a flat note," Geojit BNP Paribas said in a note.

Foreign institutional investors were net sellers to the tune of Rs 657 crore on Monday, as per provisional stock exchange data.

GLOBAL MARKETS

Asian markets trimmed early gains and were trading mixed. Shares had gained in early trades tracking firm global crude oil prices and gains in commodities. The Nikkei was trading flat with positive bias and Straits Times was up 0.3% while Shanghai Composite was down 0.7% while Hang Seng slipped 0.2%.

US stocks ended over 1% higher on Monday after gains in crude oil prices led to rally in energy stocks. The Dow Jones industrial average surged 1.4% at 16,621, the S&P 500 gained 1.5% at 1,946 and Nasdaq jumped 1.5% to end at 4,571.


STOCKS IN FOCUS

Tata Motors DVR, Bharti Infratel, Aurobindo Pharma and Eicher Motors will firm up on inclusion in the Nifty while Vedanta, PNB and Cairn India may weaken on deletion from the Nifty.

NTPC will be in focus as the government will divest 5% stake in the power giant through the Offer for Sale (OFS) route on Tuesday, as part of the 2015-16 disinvestment plan.
It has fixed the base price at Rs 122 a share.

Blue Star will be in action after the company plans to set up facilities in Andhra Pradesh and Jammu & Kashmir.

Bharti Airtel will be in focus amid reports that promoters plans to raise stake in the company by 6%.