Tracking global cues, the stock market in India is also likely to open weak. After a couple of days of rallies in the global market, investors have turned cautious due to the increasing spread of the Delta Coronavirus in Asia and the US.
The Nifty futures trading in the Singapore market is trading down by 48 points or 0.38% indicating a weak opening when the trading on the Dalal Street starts.
Today, several companies are going to announce their June quarter earnings. Bharti Airtel, Adani Enterprises, Adani Ports, Tata Consumer Products are some of the leading names in the list of earning announcements today. Investors will react to their numbers.
Other than results, the stock of Adani Enterprise will also be under the radar. The group company Adani Wilmar has filed papers with the SEBI to raise Rs4,500 crore through public issue of shares. Meanwhile, continuous selling by foreign portfolio investors (FPI) is not halting. The foreign funds are net sellers for the fourth month in a row in July. The funds also sold shares worth Rs1540 crore on Monday when the market closed with gains.