Macro data, Q3 results, global cues to steer indices on Tuesday

The markets will look forward to key macro economic data — Consumer Price Index (CPI) for January and Index of Industrial Production (IIP) for December 2018 — which is slated to be released today

BS Web Team  |  New Delhi  Last Updated at February 12, 2019 08:00 IST

The will look forward to key macro economic data — Consumer Price Index (CPI) for January and Index of Industrial Production (IIP) for December 2018 — which is slated to be released later in the day.

Apart from this, investors will also keep a tab on the next batch of December quarter results, movement of against the US dollar and developments in the US-China trade talks for further cues.

RESULTS TODAY

Over 450 companies are scheduled to release their December quarter results on Monday. Some of the prominent names include Coal India, Hindalco Industries and Sun Pharmaceutical Industries.

RUPEE

The strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing prices, even as the greenback strengthened vis-a-vis other major currencies.

GLOBAL MARKETS

Asian shares barely budged on Tuesday with investors looking to a new round of Sino-US trade talks as the world’s two largest economies try to resolve a tariff dispute that has put a dent on global growth and corporate earnings.

MSCI’s broadest index of Asia-Pacific shares outside Japan was unchanged in early trade. Japan’s Nikkei was up 1.1 per cent after a market holiday on Monday.

On Wall Street, the Dow Jones Industrial Average fell 53.22 points, or 0.21 per cent, to 25,053.11, the S&P 500 gained 1.92 points, or 0.07 per cent, to 2,709.8 and the Nasdaq Composite added 9.71 points, or 0.13 per cent, to 7,307.91.

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