Indian equity indices, the BSE Sensex and the NSE Nifty 50, are expected to track mixed global cues that indicated flat opening with a positive. The Singapore-traded SGX Nifty was at levels around 11,760 vs Nifty August Future's Tuesday close of 11,752.
Here is what you need to know before the market opens: Asia: MSCI’s broadest index of Asia-Pacific shares outside Japan edged up just 0.02 percent in early trade. Japan's Nikkei rose 0.3 percent. US markets: The Dow Jones industrial average rose 14.38 points to 26,064.02, the S&P 500 gained 0.78 points to 2,897.52 and the Nasdaq Composite added 12.14 points to 8,030.04. Dollar index: Major currencies were quiet, with the dollar index all but flat at 94.738 after touching a three-week low overnight. It was going nowhere on the yen at 111.24, having spent the past three sessions in a 110.93/111.49 range. The euro held at $1.1693 after topping out at $1.1733 overnight. Crude oil: Prices were stable with Brent adding 7 cents to $76.05 a barrel, while US WTI crude rose 9 cents to $68.62. Market at close: Indian equity indices continued their record-breaking run for the second session. The BSE Sensex rose by 202.52 points to close at a new all-time high of 38,896.63. The NSE Nifty 50 also advanced 46.55 points to close at a record high of 11,738.50. It also hit a record intra-day high of 11,760.20, surpassing its previous record of 11,700.95. Rupee: The Indian rupee on Tuesday gained 6 paise to end at 70.10 against the US currency. FII & DII data: Foreign institutional investors (FIIs) sold shares worth Rs 161 crore and domestic institutional investors also sold Rs 199 crore in the Indian equity market on Tuesday. Agri output: India's is estimated to grow to an all-time high of 284.83 million tonnes in the 2017-18, driven by record output in wheat, rice, coarse cereals and pulses after a normal monsoon, according to the agriculture ministry. foodgrain production Electric vehicles: The government would like to push towards , said Amitabh Kant, CEO of NITI Aayog. The government is likely to announce a fresh policy on September 7, on the sidelines of global e-mobility summit. It is also planning to offer a direct subsidy on electric vehicles, including cars, two-wheelers and three-wheelers. technological disruption in public transport Insurance sector: The Insurance Regulatory and Development Authority (IRDA) specifies guidelines for longer tenure motor Third Party (TP) Policy. The regulator lays down process for registration of longer tenure motor TP products.