Domestic equity markets are likely to open on a flat note with positive bias on Tuesday following Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues.SGX Nifty was trading 13.50 points, or 0.15 per cent, up at 8,889.50, indicating a soft start for NSE Nifty index.Asian stocks held near 1-1/2-year highs in early trade on Tuesday. Hang Seng, Nikkei and Shanghai were trading higher by 0.08 per cent, 0.46 per cent and 0.20 per cent, respectively.Benchmark BSE Sensex surged 193 points to end near five-month highs on Monday as IT majors rallied after bellwether TCS announced a Rs 16,000-crore share buyback. Religare Finvest, is a fully owned (99.99%) subsidiary of the BSE listed Religare Enterprises The company on Monday reported a 85.24 per cent increase in its consolidated net profit of Rs 205.70 crore for the fourth quarter ended December 30, 2016. “We responded to the observations in January 2017. At this point in time, we have no outstanding items with the USFDA regarding this plant,” Glenmark Phama said.

Source: Economic Times February 21, 2017 03:00 UTC