Indian stocks to open sideways: Tuesday Market Preview

New Delhi : The domestic market is likely to open sideways ahead of the Reserve Bank of India’s quarterly monetary policy review. Investors are worried that a fresh rate hike would hurt expansion plans of corporates and lower earnings going ahead, however, analysts opine that the central bank may hike short-term lending and borrowing rates by another 25 basis points each. A clutch of corporate results from companies including BHEL, Alstom Projects, Cairn India, Glenmark Pharma, JSW Steel, Maruti Suzuki and Shriram Transport Finance, among others, will lead to stock-specific action.