Indian equities are likely to open near the touchline on Tuesday on the back of flattish global markets and lack of news flow. Wall Street closed mixed but again near to the the previous close though Nasdaq snapped nine-day winning streak. Asian markets are trading flat on Tuesday.
News Bytes
* DB Corp launches Dainik Bhaskar in Jamshedpur
* GVK bid process for Mumbai airport hospitality zone soon
* Lincoln Pharma ties up with US based Human Biosciences Inc
* Hinduja’s flagship Ashok Leyland has bagged an order for 600 vehicles from VRL Logistics of Hubli
* DoT rejects Liberty bid for ITI takeover
Markets - Flat but volatile
We believe Markets are likely to trade flat atleast for the first half of the trade with the focus shifting to mid and smallcap stocks. These stocks will see consolidation after this pull back rally. Rest of the month we expect a ranged trade with volatility in the next one week to ten days. Investors should get ready for the January rally by accumulating stocks with solid fundamentals.