Sensex and Nifty edged lower on Tuesday ahead of the key macroeconomic data release. Investors are eagerly watching out the WPI inflation, food, fuel, manufacturing as it is may give a direction to markets.
BSE Sensex lost 12.61 points at 33,020 levels while NSE Nifty50 lost 10 to start at 10,214.95 at 11:00 hours. Shares of Reliance, Bharti Airtel, NTPC, Lupin and Hero MotoCorp, gained up to 1.7 percent while L&T, Coal India, Power Grid and TCS lost up to 1.4 percent in early hours.
Stocks to watch out:
Shares of Eicher Motors, GAIL India, Sun Pharma will in close watch ahead of their quarterly results. The other top companies which are also lined up to announce their Q2 earnings today include Tata Global Beverages, Bank Of Baroda, Cadila Healthcare, Ceat Ltd, Godrej Industries, Grasim Industries, Indiabulls Real Estate, IPCA Laboratories, JP Associates, JK Tyre & Industries and Reliance Capital among others.
Footwear retailer India started off the stock market debut on a tepid note Tuesday. The stock listed at Rs 723 on the NSE, a 3.6 % discount to issue price of Rs 750 per share. The offer was subscribed 1.9 times.
Bharti Airtel offered to sell 3.5 percent stake in Bharti Infratel Limited at Rs 400 to 415.50 per share.
Havells India Limited signed an agreement with South Korea’s Hyundai Electric for supply of low & medium voltage protection, and switching devices.
Muthoot Capital Services Ltd to issue 27.27 lakh shares at Rs 605 each via Qualified institutional placement.