Dec 30 (Reuters) - India's equity benchmarks are likely to open little changed on Tuesday, as investors remained cautious amid concerns over foreign fund flows and thin year-end volumes.
The Gift Nifty futures were trading at 25,927 points, as of 8:02 a.m. IST, indicating that the benchmark Nifty 50 would open near Monday's close of 25,942.1.
The Nifty has lost 0.9% in three sessions, while the Sensex dropped 1% in four sessions due to profit-taking in a thin year-end market due to Christmas and New Year holidays.
Foreign investors net sold Indian shares worth 27.6 billion rupees ($307.02 million) on Monday, as per provisional data. This would be their biggest single-day selling in India in about three weeks.
Asian stocks were little changed on the day, while precious metals retreated sharply on Monday as investors booked profits after recent rallies. [MKTS/GLOB]
STOCKS TO WATCH
** Lupin signs exclusive licensing agreement with China-based Gan & Lee Pharmaceuticals for a novel fortnightly GLP-1 receptor agonist, Bofanglutide to strengthen its diabetes portfolio
** Bharat Electronics says it has received orders worth 5.69 billion rupees since last disclosure on December 12. Major orders include radars, tank overhaul, communication equipment, fire control systems, simulators, etc
** Cupid gets board approval to set up a fast moving consumer goods manufacturing facility in Saudi Arabia, marking its expansion outside India
($1 = 89.8950 Indian rupees)
(Reporting by Vivek Kumar M; Editing by Rashmi Aich)
