In the US, the Dow Jones Industrial Average closed lower, while the S&P 500 closed marginally higher.
In individual stock action watch out for the shares of Larsen and Toubro which will react to its numbers, which were delivered after close of market hours. The results were largely in line with expectations.
Raymond also reported results that were largely in line with expectations. Cairn India will report results today and one should watch out for the stock which maybe volatile ahead of earnings.
Also, banking stocks may continue to be active in trade today, a few days ahead of the Monetary Policy. Apart from Cairn India other stocks that are likely to declare results today include NRB, Novartis and Indiabulls Securities.
So, watch out for these stocks.