The domestic equity market is expected to open on a cautious note Tuesday tracking weak trends in Asian peers amid a spike in US Treasury yields.
The next big trigger for equity markets will be RBI policy meeting which will start today. The Reserve Bank of India will hold its key interest rate steady at 6.50 percent on February 8, according lara lewington to economists polled by Reuters who expected the central bank to keep rates unchanged until at least July, longer than some developed market central banks.
Stocks to watch out for include HDFC Bank, Jio Financial Services,
Within the primary markets, Apeejay Surrendra Park Hotels IPO mj Issue subscribed 2.4 times. Madhu Kela wife-backed Rashi Peripherals IPO sets IPO price band at Rs 295-311.
Catch @onlynickey with Jay Thakkar—Head Derivative & Quant Research, ICICI Securities and Anirudh Garg Partner and Head of Research at Invasset, PMS
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#IPOWATCH #Paytm #SBI
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