Market may see flat opening

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 2.50 points at the opening bell.

Overseas, most Asian stocks were trading higher as Japan and South Korea reopened for trading after holiday. Taiwan was shut for public holiday.

US equities were lower at the close on Monday, as losses in the healthcare, consumer services and consumer goods sectors dragged shares lower. The Dow Jones Industrial Average declined 0.06%, while the S&P 500 index declined 0.18%, and the Nasdaq Composite index lost 0.16%.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 475.11 crore yesterday, 9 October 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 55.42 crore yesterday, 9 October 2017, as per provisional data.

Among corporate news, IT major Infosys has set 1 November 2017 as the record date for its share buyback programme. The announcement was made after market hours yesterday, 9 October 2017.

NMDC reported iron ore production of 15.65 million tonnes in September 2017. The company reported iron ore sales of 17.61 million tonnes in September 2017. The announcement was made after market hours yesterday, 9 October 2017.

Key benchmark indices logged small gains yesterday, 9 October 2017. The barometer index, the S&P BSE Sensex, rose 32.67 points or 0.10% to settle at 31,846.89. The Nifty 50 index rose 9.05 points or 0.09% to settle at 9,988.75. The Nifty failed to settle above the psychologically important 10,000 mark after hitting an intraday high above that level.

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