Global cues:
A string of disappointing U.S. data pinned the dollar near six-week lows against a basket of currencies on Tuesday, while Asian share markets held steady after notching up solid gains in recent sessions.
Global stocks gained ground for the ninth session in a row as optimism over China’s growth prospects and waning emerging market tensions boosted investor risk appetite. US markets were shut for a national holiday on Monday.
The yen inched down against its major counterparts in early trade on Tuesday, as investors waited to see if the Bank of Japan would hold policy steady as expected and perhaps hint at the possibility of further easing ahead.
[caption id=“attachment_75034” align=“alignleft” width=“380”]  Reuters[/caption]
Business/Stock news:
Automobile companies, after the government cut excise duty on vehicles. Maruti Suzuki and M&M will be in focus.
Jindal Steel & Power, Adani Power, after the government decided to deallocate coal blocks to the companies for delayed production.
Muthoot Finance, as the PTI reported that the company will enter insurance business.
GMR Infrastructure, as the company completes the disinvestment of GMR Ulundurpert Expressways Ltd.
Bharti Airtel, which bought 900 MHz band spectrum in Mumbai in the just-concluded auction, is likely to announce in the couple of days acquisition of Loop Mobile - a deal that will make the telecom major the top operator in the city with over seven million customers. Sources privy to the negotiations said Sunil Bharti Mittal-led Airtel has almost completed agreement with Loop Mobile and the announcement will come in a couple of days.
Economy news:
The interim budget presented by the finance minister aimed to boost manufacturing and consumer durables demand which has taken a hit in the current slowdown. P. Chidambaram announced cuts in excise duties and an increase in import tariffs to revive domestic manufacturing across the board.


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