 "Markets likely to open lower on Mauritius tax issue")
Markets are likely to open sharply lower amid reports that India will start imposing capital gains tax on investments from Mauritius starting next year.
The early indicator, SGX Nifty has slumped 118 points at 7,802.
Wall Street ended mixed on Monday after a rally in Allergan Plc and other healthcare companies offset a decline in energy shares.
The Dow Jones industrial average ended down 0.2% at 17,705.91 points while the S&P 500 edged up 0.08% to 2,058.69.
Most Asian markets are trading weak barring Nikkei.
STOCKS TO WATCH
Yes Bank will seek shareholders approval for raising about Rs 16,500 crore through issue of debt securities as well as equity capital in one or more tranches.
Maruti Suzuki, India’s largest car maker, has grabbed pole position in three of the four new segments it entered after sustained efforts of raising production and continued marketing push. It has come out tops in the compact sports utility vehicle (SUV), premium hatchback, and cross-over segments, displacing the established models of Ford and Hyundai.
HDFC Bank wants to accelerate its growth in the credit card segment and capture further market share by aiming to offer 0.4 million credit cards every month, almost double of the number they issue currently.
EID Parry (India) Ltd has posted a growth of 59 per cent to Rs 267.04 crore for the quarter ended March 31, 2016, as compared to Rs 168.37 crore during the same quarter of previous fiscal year.
Financial service provider Equitas Holdings has posted a growth of 28 per cent in profit after tax (PAT) of Rs 46.8 crore during the quarter ended March 31, 2016, as compared to Rs 36.5 crore during the corresponding quarter of previous financial year.
Tata Steel has achieved a major breakthrough in its industrial park being developed at Gopalpur in south Odisha with the project getting the status of a Special Economic Zone (SEZ).
