“Indian Indices are expected to open on a flat note as per the trends shown on SGX Nifty. European equities closed higher on Monday. Asian stock markets are mixed in early Tuesday trade with Japan markets trading higher while Chinese and Hong Kong markets trading lower. Oil prices rose slightly on Tuesday with Brent Crude trading at $77.44 a barrel. Some stock specific actions may be witnessed in stocks like NMDC (Government to sell 7.49% of the company’s equity), Maruti Suzuki (Total production in June up 226% YoY to 1,65,576 units), NTPC (NTPC Vidyut Vyapar Nigam, has invited bids for e-buses in Delhi, Leh), Force Motors (Total production in June stood at 1,757 units). The NIFTY 50 is looking to hold around the same levels with the support at 15,600 and the resistance at 15,900,” said Mohit Nigam, Head, PMS – Hem Securities.
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