TBR UPDATE: NIFTY FUTURE: S1 - 9595.37, S2 - 9575.63, R1 - 9647.72, R2 - 9680.33 BANK NIFTY FUTURE: S1 – 23396.12, S2 - 23343.23, R1 - 23530.77, R2 - 23612.77
Indian indices
Indian markets erased all the gains in late trade and ended on a flat note on Tuesday, tracking fall in index heavyweights such as Tata Motors and TCS even as the Asian and European markets traded higher ahead of the US Federal Reserve's policy meeting which will begin later in the day.
In intraday trade, the Sensex rose as much as 165 points to 31,260, while Nifty50 moved beyond 9,650 after much softer-than-expected inflation data fuelled hopes of an interest rate cut by the Reserve Bank of India (RBI) at its next policy review in August.
Nifty managed to hold its psychological 9,600- mark ahead of Federal Reserve meeting starting today.
Cosmo Films rose 2.75% after the company announced expansion of its range of direct thermal printable products.
MEP Infrastructure Developers surged 5.94%, on reports that the company is in talks with overseas companies for road projects tie ups.
Adani Enterprises rose 1.30%, after the company said it commissioned 50 megawatts solar plant in Mahoba, Uttar Pradesh.
Currency market
Rupee ends at 64.33/$ against Monday's close Of 64.43/$
Global signals
US stock index futures poised for a positive opening on the Wall Street on Tuesday.
European stocks rebounded from seven-week lows in early deals on Tuesday as shares in tech firms recovered and financials rose.
Markets in Asia closed mostly in the green on Tuesday after tech stocks extended their losses stateside.
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