Moneycontrol
Jan 13, 2017 09:08 AM IST IST | Source: Moneycontrol.com

Market to open on tepid note with positive bias: SMC Global

According to a report by SMC Global, market is expected to open on a tepid note with positive bias as better than IIP data despite cash ban and strong third quarter from Tata Consultancy Services provides optimism to the investors.


SMC Global's Derivative Report:

Outlook for the day

The market is expected to open on a tepid note with positive bias as better than IIP data despite cash ban and strong third quarter from Tata Consultancy Services provides optimism to the investors.

Asian markets traded mixed after opening, tracking a decline in US equities. Wall Street stocks fell as President-elect Donald Trump, in his eagerly-awaited news briefing the previous day, failed to provide details on fiscal policies that were expected to bolster the economy, Asian markets figure to follow that lead.

The European markets were also down. Infosys, IL&FS Transportation Networks and Goa Carbon to announce their results today. As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) sold shares worth net Rs 12.77 crore on January 12, 2017. Domestic institutional investors sold shares worth Rs 110.08 crore on that day.

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