‘BUY’ or ‘SELL’ ideas from experts for Tuesday, 7 February 2017
The BSE Sensex and NSE Nifty are likely to open on a flat note on Tuesday following mixed global cues.
Nifty futures on the Singapore Stock Exchange (SGX Nifty) was trading 9 points, or 0.10 per cent, down at 8,807, indicating a flat start for NSE Nifty
Asian peers Hang Shanghai and Shanghai were trading lower by 0.03 per cent and 0.04 per cent, respectively, in morning trade, while Japan’s Nikkei share
average dropped to a two-week low on Tuesday morning after global stocks fell and a stronger yen hurt overall sentiment. The index was trading 0.47 per
cent down at 18,886.77.
On Wall Street, the Dow Jones Industrial Average slipped 19.04 points, or 0.09 per cent, to 20,052.42, the S&P 500 lost 4.86 points, or 0.21 per cent,
to 2,292.56 and the Nasdaq Composite dropped 3.21 points, or 0.06 per cent, to 5,663.55 on Monday.
Back home, the BSE Sensex on Monday gained for the fourth day by scoring 199 points to close at 28,439 after hopes built up that RBI may lower rate at its policy meet on Wednesday.