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

BS Web Team/New Delhi 12 Feb 19 | 07:57 AM

The HDFC Bank counter witnessed volumes of Rs 21 billion in the cash segment

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 later in the day.

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Apart from this, investors will also keep a tab on the next batch of December quarter results, movement of rupee 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 rupee strengthened by 13 paise to close at 71.18 against the US dollar Monday on easing crude oil 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.



Sebi cloud on Etihad open offer waiver for Jet Airways shareholders


The Securities and Exchange Board of India (Sebi) has expressed reservations over granting exemption to Etihad Airways in connection with an open offer to the minority shareholders of Jet Airways, sources in the know said. Exemption for making an open offer was among the key conditions set by Etihad to offer a lifeline to the debt-laden domestic carrier.

The Sebi stance comes at a time when the stakeholders concerned along with the lenders have informally sought the regulator’s views on the possibility of a waiver


Average promoter shareholding in BSE-500 firms slips to five-quarter low


The influence of Indian promoters on listed firms has been on a decline. The average promoter shareholding in the BSE-500 companies, excluding public sector undertakings (PSUs), has slipped to a five-quarter low of 47.3 per cent at the end of December 2018.


According to experts, promoters have diluted their shareholding, as they have used their stake to meet other funding requirements.


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Sensex

Company Price Gain (%)
Tata Steel545.356.74
ICICI Bank407.152.98
Axis Bank760.002.58
St Bk of India313.002.19
TCS2,235.652.01

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