STOCK MARKET LIVE: After scaling the historic peak of 20,000 a day earlier than, the benchmark Nifty index is seeking to prolong the positive aspects on Tuesday forward of the August shopper inflation and July IIP information, which will likely be launched after market hours. At 7:15 am, the Present Nifty futures quoted 80 factors greater at 20,117.
Cues for the day
Apart from the macro information, stock-specific motion will proceed on Tuesday. Amongst blue-chips, Larsen & Toubro will likely be in focus as the corporate has raised its proposed buyback worth to Rs 3,200 per share from Rs 3,000 earlier.
Reliance can even be on the radar as non-public fairness agency KKR is about to choose a further 0.25 per cent stake in RIL’s retail arm – Reliance Retail Ventures for Rs 2,069.5 crore.