9:08 AM
Unknown
The Nifty Future is expected to open lower on Tuesday tracking negative Asian markets while investors will closely watch HDFC Bank which is expected to declare quarterly numbers later today. According to MY estimates, HDFC Bank is expected to post robust set of numbers with 28% growth in net profits. Interest margins are expected to moderate by 15 bps sequentially while steady fee income growth, controlled costs are likely to drive profits.
The market had a lacklustre trading session on Monday. "Indian markets continue face stiff resistance at 5630 levels and have a strong demand base close to 5500 levels. The Nifty Future is likely to trade between these levels before breaking either way decisively.
There is a stronger probability of it breaking on the upside.