Sensex, Nifty likely to open on a tepid note; Glenmark, IndiGo, Dr Reddy's in focus

As expected, the US markets slipped in trade on Monday but a surprise move by the US Federal Reserve uplifted the investors sentiment in Asia. Stock markets are rallying in today's trade in Asia after U.S. Federal Reserve announced unlimited bond purchases to prevent an economic depression. Furthermore, the SGX Nifty at 7 am was trading 336 points higher at 7,816, indicating a tepid but positive start for the Sensex and Nifty50.