MARKET LIVE: SGX Nifty hints at a positive open to trade, up 46 points


MARKET LIVE: Nifty, Sensex, PMI Services, HDFC Bank, India, Stocks, BSE

A positive opening is on cards for the Indian equity . As of 7:28 AM, the SGX Futures quoted 15,881 levels, hinting an upside of 46-odd points on the Nifty50.

On Tuesday, investors will track key macro data – India’s PMI Services activity in June after it surged to highest level in 11 years in the month of May.

That apart, among individual stocks, HDFC and HDFC Bank will be focus after the Reserve Bank of India approved their proposed merger. Additionally, (PNB) plans to raise Rs 2,000 crore through tier-1 bonds at 8.7 per cent.

That said, globally, the US equity futures traded on a positive note as Dow Futures was up over 100 points. Besides that, in Asia-Pacific, too, advanced on Tuesday as Nikkei 225 gained 1.1 per cent.

Meanwhile, prices of crude oil were on the boil amid recession worries. Brent Crude inched up 0.2 per cent to $113 a barrel and WTI Crude surged 1.8 per cent to $110 per barrel.

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