Sensex, Nifty may open flat on muted global cues

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.

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Pre-opening: The benchmark indices are marginally higher in the pre-opening. The Sensex up 41.20 points at 35524.67, and the Nifty up 29.80 points at 10816.80.

Rupee Update: The Indian rupee opened marginally lower at 67.45 per dollar on Tuesday versus previous close 67.42.

In the last couple of session rupee has been consolidating in a narrow range of 64.40 and 64.75 ahead of important inflation and industrial production number. Market participants are cautious ahead of today’s inflation and IIP number; expectation is that inflation for May could rise to 4.8% compared to rise of 4.5% in the previous month, said Motilal Oswal.

On the other hand, industrial production could rise 5.2% in April compared to growth of 4.4% in the previous month. Today, USD-INR pair is expected to quote in the range of 67.45 and 67.85, it added.

Here are stocks that are in news today:

IFCI revised its benchmark rate to 10.4 percent from 10.2 percent.

Infosys has announced voluntary delisting of its American depositary shares from Euronext Paris & Euronext London

Manappuram Finance board meeting on June 14 to consider issuance of NCD on private placement basis

Orchid Pharma has received EU GMP certification for its Alathur facility

DCM Shriram board meeting on June 18 to consider the proposal to Buy-Back the fully paid up equity shares

Borosil Glass Works’ board meeting on June 18, 2018

Shoppers Stop closes its Shoppers Stop store at Swami Vivekananda Airport, Raipur, due to non-renewal of airport store premises agreement

Strides Shasun receives USFDA approval for Oseltamivir Phosphate Capsules

Inox Wind appoints Dewan P. N. Chopra & Co as Independent auditor for next 5 years

Kridhan Infra’s associate company won a new order worth Rs 180 crore

The Nifty50 is likely to open flat on Tuesday following muted trend seen in other Asian markets. The Nifty50 closed 19 points higher at 10,786 on Monday.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 2.5 points or 0.02 percent. Nifty futures were trading around 10,789-level on the Singaporean Exchange.

All three major US stock indexes closed slightly higher on Monday as investors eyed the looming United States-North Korea summit on Tuesday in Singapore while shrugging off the weekend’s factious meeting of the Group of Seven nations, said a Reuters report.

Asian markets were mixed in early Tuesday trade as investors shrugged off trade-related jitters and ahead of several key events this week, including a highly anticipated meeting between US President Donald Trump and North Korean leader Kim Jong Un in Singapore, it said.

Japan’s Nikkei 225 rose 0.43 percent in early morning trade amid broad-based gains. Other markets in the region were little changed. South Korea’s Kospi slipped 0.12 percent and Australia’s S&P/ASX 200 tacked on 0.03 percent.

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