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The markets are likely to open in green tracking firm global cues. In addition, easing of WPI and CPI inflation data are expected to boost the sentiments of the market participants.
The Asian shares were firm on Tuesday after Citigroup's earnings and a fresh round of merger and acquisition activity in the U.S. healthcare industry lifted global share prices. Furthermore, SGX Nifty is quoting at 7,511.50 levels up by 0.34%
Yet, with elevated stock prices on Wall Street and elsewhere relying substantially on support from low interest rates, many investors now look to Federal Reserve Chair Janet Yellen's testimony in a U.S. Senate committee.
U.S. stocks ended higher on Monday, with the Dow Jones industrial average hitting an intraday record, helped by Citigroup's better-than-expected earnings and more deals in the healthcare sector.
Back home, Consumer Price Index (CPI)-based inflation fell to 7.31 per cent in June, the lowest since its launch in January 2012. Its wholesale counterpart declined to a four-month low of 5.43 per cent in the month.
Stocks to watch:
ICICI Bank, the largest private sector lender in the country, has outpaced its rivals in growing its credit card base during financial year 2013-14 (April-March).
In a bid to improve its market position in the Indian two-wheeler market, TVS Motor Company is gearing up to spruce up its launch pipeline. It plans to launch one vehicle every three months for the next three years.
Liquor firm United Spirits has inked a pact to buy JP Impex Incorp's Karnataka-based assets -- including plant and machinery -- for Rs 11.5 crore, enhancing its liquor manufacturing capacity in the state.
GMR Infra, a publicly held firm that manages the Delhi international airport, is set to kickstart the second phase of monetisation of its 230-acre land parcel near the airport.
The government imposed an additional penalty of $579 million on Mukesh Ambani-controlled Reliance Industries Ltd (RIL) for failing to meet the gas production target for its flagship KG-D6 block in 2013-14 as well, Petroleum Minister Dharmendra Pradhan said on Monday.
