The home inventory markets are prone to open flat, put up the 1 per cent rally witnessed within the earlier session, going by international market cues. Trends on SGX Nifty point out a muted begin for the index in India. At 7:30 am, the Nifty futures had been buying and selling just about unchanged at 14,485 on the Singapore Stock Exchange. The markets are, nevertheless, prone to stay risky because of the ongoing earnings season and upward trajectory in Covid-19 instances throughout the nation.
Overnight, the S&P 500 and Nasdaq closed at report highs fueled by Tesla Inc and different heavyweight development shares forward of a deluge of earnings studies this week. The S&P 500 gained 0.18 per cent and Nasdaq Composite climbed 0.87 per cent. But the Dow Jones fell 0.18 per cent.
On the stock-specific entrance, Tech Mahindra is prone to be within the limelight after recording a 17.4 per cent slide in consolidated revenue at Rs 1,081.4 crore for the quarter ended March 2021. The revenue within the earlier quarter stood at Rs 1,309.8 crore.
On the earnings entrance, Axis Bank, Bajaj Finance, HDFC AMC, Maruti Suzuki and TVS Motor Company will declare their This autumn numbers throughout the day.
On Monday, the S&P BSE Sensex rallied by greater than 500 factors to shut at 48,386 and the Nifty was up 143 factors to 14,485.