Market to open flat taking cues from Asian markets: SMC Global

SMC Global's Market Outlook:

Outlook for the dayThe market is likely to open flat taking cues from Asian stock markets that are trading sideways after mixed opening due to expectation of improved business conditions and measures of Chinese consumer and producer price inflation strengthened which is reflecting stabilization of the economy. US stocks surged to fresh record highs as investors bet additional spending and tax cuts promised by President would boost the economy. Adani Enterprises, Aditya Birla Nuvo, Apollo Hospitals Enterprise, DLF, Godrej Industries, Housing Development and Infrastructure, Jain Irrigation Systems, Jindal Steel & Power, NMDC, PC Jeweller, Rural Electrification Corporation, Sun Pharmaceuticals Industries, Tata Motors, Vedanta and Voltas are to announce their results today. As per provisional figures, foreign institutional investors (FIIs)/Foreign Portfolio Investors (FPIs) bought shares worth net Rs 306.74 crore on February 13, 2017. Domestic institutional investors sold shares worth Rs 171.7 crore on that day.Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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