Sensex, smart ready for flat opening

(RTTNews) – Indian stocks are expected to open flat for slightly lower Tuesday after two days of gains. Profits will be the focus, with Britannia and Aurobindo Pharma posting disappointing quarterly results, while real estate firm Sobha reported an almost three-fold increase in quarterly net income.

Meanwhile, major exchanges have said they will introduce the T + 1 settlement cycle for trading stocks and other instruments in a phased manner, starting February 25.

The benchmarks Sensex and Nifty jumped around 0.8% and 0.9%, respectively, on Monday, as traders returned to their desks after a long holiday weekend.

Asian markets traded mixed this morning, with traders assessing the resilience of the economic recovery to inflation risks.

The dollar and Treasuries maintained declines ahead of the release of inflation data from China and the United States, while oil prices traded mixed after the United States signaled measures to ease oil and gasoline prices.

Cryptocurrency prices rallied, with Bitcoin surpassing $ 67,000 for the first time to hit an all-time high. Gold stabilized after hitting a two-month high on Monday.

US stocks ended slightly higher overnight after the passage of an infrastructure spending bill.

The S&P 500 and the tech-rich Nasdaq Composite both rose around 0.1% to extend their all-time streak to the eighth session in a row, while the Dow added 0.3% to hit its second all-time high. consecutive closing.

European stocks struggled on Monday after a record run of optimism over economic growth and earnings.

The pan-European Stoxx 600 finished flat with a positive bias. The German DAX and the UK FTSE 100 both ended slightly lower while the French CAC 40 index rose slightly.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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