PremiumIndian markets were in the green at pre-opening session, in line with trends on SGX Nifty. Asian stocks were firm even as US markets ended lower overnight. Tata Motors, Aarti Industries, Canara Bank and Minda Corp will be in focus as they announce their results today
Bharti Airtel, HCL Tech, Reliance, Union Bank are some of the stocks that will be in focus today. Key companies that will announce March quarter results today are Tata Motors, Torrent Pharmaceuticals, GSK Pharma, Canara Bank, IIFL Wealth Management and Route Mobile.
Markets are likely to stay higher on Tuesday while trends in SGX Nifty suggest a strong opening of Indian benchmark indices. On Monday, the BSE Sensex ended at 49,580.73, up 848.18 points or 1.74%. The Nifty closed at 14,923.15, up 245.35 points or 1.67%.
Oil prices climbed on Tuesday, extending gains from the previous day, as optimism over the reopenings of the U.S. and European economies outweighed fears of slower fuel demand in Asia due to surging COVID-19 cases and a new wave of restrictions.
Brent crude oil futures were up 20 cents, or 0.3%, at $69.66 a barrel by 0231 GMT, while West Texas Intermediate (WTI) was up 19 cents, or 0.3%, at $66.46 a barrel.
Gold rose to the highest in more than three months as concerns over the pace of a global recovery crept back in following a flare-up in coronavirus cases in parts of Asia.
Spot gold rose as much as 0.2% to $1,870.73 an ounce, the highest since 1 February, and was at $1,868.10 in Singapore. Silver, palladium and platinum all gained. The Bloomberg Dollar Spot Index was little changed.
Asian stocks rose Tuesday as investors weighed the pace of growth as nations vaccinate and economies reopen.
Japan's Nikkei index rose 2%. Australia’s S&P/ASX 200 Index rose 0.6%
Kospi index climbed 1.1%, while Hang Seng Index rose 1%. Shanghai Composite Index was largely unchanged.
Wall Street stocks ended lower on Monday, weighed down by tech shares as signs of growing inflation worried investors about the potential for tighter monetary policy.
The Dow Jones Industrial Average fell 56.12 points, or 0.16%, the S&P 500 lost 10.42 points, or 0.25%, and the Nasdaq Composite dropped 50.93 points, or 0.38%.
Never miss a story! Stay connected and informed with Mint. Download our App Now!!