Nifty India stock futures outlook july 19 2011

Indonesia stock info - Nifty India stock futures outlook july 19 2011 ; The 50-share Nifty index is expected to open lower on Tuesday tracking negative Asian markets while investors will closely watch HDFC Bank which is expected to declare quarterly numbers later today.

According to an ET Now estimates, HDFC Bank is expected to post robust set of numbers with 32% growth in net profits. Interest margins are expected to moderate by 15 bps sequentially while steady fee income growth, controlled costs are likely to drive profits.

In early trade Hong Kong was trading 0.3 pc lower, Tokyo was trading 0.7 pc down, Seoul was trading flat and Shanghai slipped 0.5 pc.

At 08:30 AM, Nifty India stock futures in Singapore were down 9.5 points at 5560, indicating a negative opening in the domestic market.

Important results to watch out today are: Ashok Leyland Ltd , Cadila Healthcare Ltd , Crompton Greaves Ltd , NIIT Technologies Ltd , Prism Cement Ltd and SKF India Ltd.

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