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Markets are likely to open flat amid mixed cues from Asian and US markets ending tad lower in overnight trades.
As trading activity resumes on Tuesday, following a five-day break, companies’ earnings for the quarter ended September this year might take centre stage. Infosys will kick-start the September quarter earnings season, announcing its results on Friday.
The early indicator SGX Nifty was trading 9 points higher at 7,935.
Asian markets were trading mixed with Japan's benchmark Nikkei flat with as investors adopted wait and watch stance ahead of the Bank Of Japan's policy meeting and the governor's speech later. Stocks in Hong Kong seems to recover from lower levels and the benchmark Hang Seng was up 0.2%. However, the Straits Times was down 0.2%.
US stock ended with marginal losses amid volatile trade on Monday as investors turned cautious ahead of the thirs quarter earnings. The Dow Jones ended down 18 points at 16,991.91, the broader S&P 500 slipped 3 points to close at 1,964.82 and the tech-laden Nasdaq ended down 21 points at 4,454.80.
Meanwhile, Hewlett-Packard Co said it woud split the company into two with computer and printer business and corporate hardware and services operations.While the former has been lagging for a few years due to popularity of new-age form factors, the latter has been growing at a faster clip.
Oil marketing companies such as BPCL, HPCL and IOC will be in focus after Brent crude slips to $92/barrel.
Tata Motors, Hero MotoCorp, Ashok Leyland, TVS Motor will be in focus post September sales numbers.
IFC to invest nearly $100 million in Ballarpur Industries overseas arm Bilt Paper B.V. -BPBV (formerly Ballarpur International Graphic Paper Holdings B.V.).
Infosys could be in focus after Jack Palmer has filed a lawsuit seeking damaged for alleged wrongful termination.
Ranbaxy will be in focus after it announced launch of Absorica in dosages of 25mg and 35mg in the US.
