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Tuesday, November 1, 2016

Sensex, Nifty may trend lower on global cues; autos in focus



Auto stocks will be in focus today on declaring monthly sales data. Channel checks indicate strong retail growth for passenger vehicles.

The market is likely to trend lower in tandem with global peers. Asian stocks wallowed near six-week lows as investors braced for a looming raft of economic and central bank events.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.14 percent in early trades, its lowest levels in since Sept. 19. October marked the first monthly loss for the index since May.






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