A positive opening is on cards for the Indian equity markets. As of 7:28 AM, the SGX Nifty Futures quoted 15,881 levels, hinting an upside of 46-odd points on the Nifty50.
On Tuesday, investors will track key macro data – India’s PMI Services activity in June after it surged to highest level in 11 years in the month of May.
That apart, among individual stocks, HDFC and HDFC Bank will be focus after the Reserve Bank of India approved their proposed merger. Additionally, Punjab National Bank (PNB) plans to raise Rs 2,000 crore through tier-1 bonds at 8.7 per cent.
That said, globally, the US equity futures traded on a positive note as Dow Futures was up over 100 points. Besides that, markets in Asia-Pacific, too, advanced on Tuesday as Nikkei 225 gained 1.1 per cent.
Meanwhile, prices of crude oil were on the boil amid recession worries. Brent Crude inched up 0.2 per cent to $113 a barrel and WTI Crude surged 1.8 per cent to $110 per barrel.
Stay connected with us on social media platform for instant update click here to join our Twitter, & Facebook
We are now on Telegram. Click here to join our channel (@TechiUpdate) and stay updated with the latest Technology headlines.
For all the latest Business News Click Here
For the latest news and updates, follow us on Google News.
Denial of responsibility! NewsAzi is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.
CATCH ALL THE LIVE UPDATES