The equity benchmark indices open on a flat note in trade today. Investors are expected to keenly follow Mukesh Ambani’s flagship company Reliance Industries’ movement in the stock market as the company announces its fourth quarter earnings today. Gold and silver prices will also be on traders’ radar after its biggest two-day drop in 30 years.

The Sensex is up 64 points at 18421and the Nifty is up 21 points at 5589.  Tata Power, BPCL, IndusInd Bank, Hero Motocorp and ONGC are top gainers on the Nifty. Cairn India, Infosys, NMDC, Tata Motors and TCS are top losers.

RIL Q4 Results: Reliance Industries (RIL) is likely to post 30.8 percent year-on-year (YoY) jump in its Q4 net profit to Rs 5540 crore. Revenues will also climb 7.6 percent to Rs 91,673 crore YoY, according to CNBC-TV8 poll. The stock is trading flat.

Gold, Silver dip further: The yen firmed against the dollar and the euro on Tuesday while commodities from gold to oil extended their sharp declines after investors dumped risk assets overnight, worried over slowing growth in China and the US took hold.

Spot gold was down 1.9 percent to USD 1,327 an ounce while silver shed nearly 2 percent to USD 22.11. On Monday, the price of gold bullion tumbled another USD 125 per ounce in its biggest-ever daily loss. In percentage terms, Monday’s 9 percent loss would be the biggest since 1983.

Gold finance companies have extended their losses in trade. Muthoot Finance is down 8 percent while Manappuraam is locked at 10 percent lower circuit. Jewellery stocks are also down in the range of 5-10 percent.