Dalal Street will see another subdued opening on Tuesday morning with flattish global cues hitting the shores of Mumbai. Wall Street closed the day flat with no economic news flow, while Asian markets are trading in the red marginally.
Good news to emerging markets
Japan's public pension fund plans to include emerging-market stocks next summer, in a bid to increase returns, according to a report published Tuesday. That is music to the ears of emerging markets which are already attracting massive fund flows.
IIP Data - Cynosure of traders and investors
Industrial output data for the month of August will be released Tuesday, and the headline number is expected to slow to a single-digit growth rate, hurt by an expected slowdown in capital-goods output that had reached unsustainably high levels in the month prior. After showing a robust growth of 13.8 percent in July, we expect industrial production for August to come around 10 percent.
Nifty might not be able to crack 6200 levels and midcaps will extend the run along with smallcap stocks