Market may open higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could gain 13.50 points at the opening bell.
Overseas, Asian stocks were trading mixed. US equities closed with small gains yesterday, 2 May 2017 as investors awaited earnings from tech giant Apple.
Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 611.82 crore yesterday, 2 May 2017, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 541.39 crore yesterday, 2 May 2017, as per provisional data.
Among corporate news, ICICI Bank is slated to release Q4 March 2017 results today, 3 May 2017.
TCS said it has been selected by one of Europe's largest utilities companies - Vattenfall- to provide IT services across multiple European operations including Swedan, Germany and the Netherlands. The announcement was made after market hours yesterday, 2 May 2017.
Wipro said it has unveiled its new brand identity. The new brand identity signifies a higher level of engagement and brand permission that helps clients leverage Wipro's expertise to address their business requirements and drive future opportunities in this digital era. As part of the new brand identity, Wipro unveiled a new logo. The announcement was made after market hours yesterday, 2 May 2017.
Firmness in global stocks helped key benchmark indices snap two-day losing streak yesterday, 2 May 2017, and settle with tiny gains after listless and rangebound session of trade. The Sensex had risen 2.78 points or 0.01% to settle at 29,921.18, its highest closing level since 27 April 2017.
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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)