See positive opening led by global market cues: SMC Global

SMC Global's Market Outlook:Outlook for the day The market is likely to open positive tracking cues from global markets as investors look to put aside the political risks that have dominated markets this week. Asian shares advanced, tracking overnight gains on the Wall Street, as Wall Street stocks surged to record highs and the US dollar and bond yields rose, after US President Donald Trump sounded a positive tone about tax reform and said that he would release a "phenomenal" tax plan in the next few weeks. Mahindra & Mahindra, State Bank of India, Bank of Baroda, BEML, Bosch, CESC, Crompton Greaves, GAIL (India), Hindustan Zinc, Jaiprakash Associates, Reliance Capital, SRF, Sun TV Network and Tata Power Company are to announce their results today. As per provisional figures, foreign institutional investors (FIIs)/ Foreign Portfolio Investors (FPIs) bought shares worth net Rs 356.63 crore on February 9, 2017. Domestic institutional investors sold shares worth Rs 379.63 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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