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Indian Shares May Open On Negative Note

(RTTNews) - Lower SGX Nifty futures and the overnight weak close in the U.S. and European markets point to a negative start for Indian stocks Tuesday morning.

Asian markets are weak as well.

With the reporting season ahead and no significant positive news to trigger any strong buying, the mood is likely to remain cautious.

Activity will be mostly stock specific with corporate news setting the trend. On the economic front, data on India's manufacturing activity is due out on Tuesday morning.

The Hinduja Group is reportedly preparing to submit an expression of interest by the January 15 deadline, to acquire Jet Airways. Synergy Group Corp is the only company to have have submitted a bid for for Jet Airways so far.
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