 "Cautious opening seen; RIL, HCL Tech in focus")
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Markets are likely to see a flat opening. Stock specific action is likely to steer the movement with energy major and Index heavyweight Reliance Industries set to release the quarterly results today.
Meanwhile, China posted GDP numbers in-line with the expectations which is liklely to impact the sentiments.
Meanwhile, China posted GDP numbers in-line with the expectations which is liklely to impact the sentiments.
GLOBAL MARKET
Asian equities continue to trade lower amid persistent worries concerning oil slump. Meanwhile, the Chinese GDP numbers came in-line with expectations and thus China’s benchmark index Shanghai Composite has recouped losses and is trading 0.1% higher. On the flip side, Japan’s Nikkei, Hong Kong’s Hnag Seng have lost between 0.1%-0.8%.
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China's economy grew 6.8 percent in the fourth quarter from a year earlier, the data showed, the slowest growth since 2009. Industrial output in December rose 5.9 percent from a year earlier, compared with forecasts for a 6.0 percent increase.
Meanwhile, US markets were closed on Monday for Martin Luther King Day.
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STOCKS ON RADAR
Energy major RIL is likely to hog limelight as it is set to post the quarterly results today.
Asian Paints is likely to climb after it reported a consolidated net profit of Rs 463.28 crore on net sales of Rs 4,102.95 crore for the third quarter ended December 31, 2015.
Kitchen appliances firm TTK Prestige is likely to gain after it reported a 32.5% jump in net profit at Rs 37.2 crore for the quarter ended December 31, on the back of higher sales.
HCL Technologies is likely to show some action after the company results stood better than the street expectations and posted a net profit of Rs 1,920 crore.
Private lender Kotak Mahindra Bank's net profit rose 32 per cent over a year before on a consolidated basis for the December quarter, at Rs 945 crore as compared to Rs 716.6 crore earlier.
Drug maker Wockhardt expects to comply with all the US Food and Drug Administration’s (FDA’s) observations on its Shendra unit in two months, the company’s chairman, Habil Khorakiwala, said on Monday.
Tata Motors is set to secure an additional order for high mobility military trucks, taking its total order book for the advanced vehicles to Rs 1,300 crore, the single largest contract to be awarded to an Indian manufacturer by the Army.
Delta Corp posted a net profit after taxes of Rs 7.70 crore for the quarter ended December 31, 2015 as compared to net loss of Rs 0.42 crore for the quarter ended December 31, 2014.
