India's equity benchmarks to open little changed
Gift Nifty futures were trading at 25,027.5 as of 8:08 a.m. IST, indicating that the Nifty 50 (.NSEI), opens new tab will open near its Monday's close of 25,001.15.
MSCI Asia ex-Japan (.MIAPJ0000PUS), opens new tab dipped 0.2%, after being largely steady on Monday as U.S. President Donald Trump delayed imposing tariffs on EU goods on June 1, restoring a July 9 deadline.
The EU said Trump's decision gave new impetus to trade talks. U.S. markets were closed on Monday for a holiday, while global stock markets climbed.
Back home, the early onset of monsoon rains and Reserve Bank of India's record dividend transfer to the government also aided sentiment, although the dividend was below analysts' estimates.
Both foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) were buyers on Monday.
While DIIs bought shares worth 17.46 billion rupees ($205.2 million), FPIs bought stocks worth $16 million, according to provisional data.
** IndiGo (INGL.NS), opens new tab will be in focus as media report says co-founder Rakesh Gangwal will sell up to a 3.4% stake through a block deal worth nearly $803 million
** FirstCry parent Brainbees Solutions (BRAE.NS), opens new tab posts a wider fourth-quarter loss at 767.4 milion rupees even as its revenue rose about 16%
** Aurobindo Pharma (ARBN.NS), opens new tab posts flat profit from last year as its margins drop while revenue increases. The pharmaceutical company says it plans for first U.S. Food and Drug Administration submission in FY2026
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