Sensex, Nifty may open in the green; Bharat Fin, TechM in focus

The market may look to continue its momentum on Tuesday, with bulls being in control. However, the start may tepid with the SGX Nifty’s trends indicating a flat opening. The Street has seen a bullish run on both the indices, with the Nifty being around 33 points away from an all-time high. Asian markets were trading mixed as investors after US Federal Reserve Chair Janet Yellen all but assured investors that interest rates will rise next week. The Nikkei was trading lower by over 0.10 percent, while the Korean markets were higher by half a percent. Taiwanese and Singapore markets were in the positive territory. In the US markets, Wall Street ended lower with S&P 500 erasing most of its recent gains as chances of tighter monetary policy from the US central bank sunk in for investors, while geopolitical concerns increased. The Dow was lower 0.24 percent, while the S&P 500 ended flat with a negative bias. Back home, bulls were back in power as the market gained strength and ended at two-year closing high on Monday after consolidation in the passing week, supported largely by Reliance Industries. GST Council's approval to central GST & integrated GST laws over the weekend boosted sentiment. Hopes of favourable results for BJP could be another reason for market rally. The 30-share BSE Sensex gained 215.74 points at 29,048.19, the highest closing level since March 5, 2015. The 50-share NSE Nifty rose 65.90 points to 8963.45 despite mixed global cues, which is 33 points away from its record closing level.Among stocks to watch could be Bharat Financial Inclusion and Tech Mahindra, among others. The former, in an analyst call, said that 4.5 percent of loan portfolio was at a risk of turning bad in Q4 and that 60 percent of the overdue portfolio pertained to Uttar Pradesh and Maharashtra.Meanwhile, the IT major’s US subsidiary acquired American healthcare service provider CJS Solutions and will be shelling out USD 110 million.On the economic front, the impact of demonetisation on the informal sector is not fully captured in the GDP data, Viral Acharya, Deputy Governor at the Reserve Bank of India (RBI). He also expects the effects of demonetisation to spill over to certain segments of the economy in this quarter.The dollar posted an increase, booking gains against the euro after a former French Prime Minister ruled out standing in the country's presidential elections, a development seen as likely boosting the chances of anti-European Union candidate Marine Le Pen. Markets uneased over elections this year in France, Germany and the Netherlands has constrained the euro, despite improving economic readings across the euro zone. Prices of oil eased in Asian trade after the International Energy Agency forecast US shale output to grow at about 1.4 million barrels per day by 2022. Concerns over rising shale oil output have been offsetting the impact of production cuts agreed by the OPEC and some non-OPEC members to curb a global crude oversupply.Gold fell for the third straight session, but hovered above Friday's two-week low, pressured by comments from Fed chair Yellen that reinforced expectations of an increase in interest rates.