Moneycontrol
Oct 03, 2017 08:56 AM IST | Source: Moneycontrol.com

Watch | Markets@Moneycontrol: Markets could consolidate on Tuesday

A quick check on what could trigger the markets today


Headlines
- The 2-day RBI monetary policy meet begins today
- Fitch lowers India's growth forecast for FY18 to 6.9%

- Car sales in September rise on new launches, festive season demand

The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.

The Dow Jones Industrial Average rose 23.89 points, or 0.11 percent, to 22,405.09, the S&P 500 gained 9.3 points, or 0.37 percent, to 2,519.36 and the Nasdaq Composite added 42.51 points, or 0.66 percent, to 6,495.96, Reuters reported.

The Nifty50 futures on the Singapore Stock Exchange were trading 20 points higher at 9860 indicating a flat opening for the domestic market.

Stocks to watch out for
- Auto companies will be in focus after they reported their sales for the month of September
- Airline stocks will be in focus: Jet fuel price up 6%; may lead to hike in airfares
- RCom-Aircel merger deal called off, regulatory uncertainties, vested interests blamed. RCom readies for fire sale of its assets to pare debt
- SBI Life: The $1 billion IPO is likely to open at a premium on Tuesday
- US court cuts fine on TCS to USD 420 mln in a trade secrets case by Epic Systems

- Zydus receives final approval from USFDA for Doxycycline for Injection USP

For more, watch the Markets@Moneycontrol show. Moneycontrol Editor Santosh Nair talks to Rakshita Madan on what to expect in the trade today.

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