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The Nifty50 is likely to open flat on Tuesday following muted trend seen in other Asian markets. The index closed 73 points lower at 11,355 on Monday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 8 points or 0.07 percent. Nifty futures were trading around 11,382-level on the Singaporean Exchange.
Overnight, US stocks dropped as global jitters from Turkey’s plummeting currency spread to Wall Street while Asian markets were trading mixed
On the macroeconomic front, retail inflation rate eased in July, strengthening views that the Reserve Bank of India (RBI) will keep interest rates on hold.On the earnings front, 1093 companies will report their results for quarter ended June later today which include names like Allahabad Bank, Bharat Dynamics, Emkay Global, Essar India, Finolex Cables, Gayatri Projects, GMR Infra, DB Realty, Dilip Buildcon, GVK power, Hathway Cable, Indiabulls Real Estate, IVRCL, JBF Industries, La Opala, MMTC, Sun Pharma and SpiceJet among others.
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