Market is seen opening higher. Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the index could gain 16.50 points at the opening bell.

In overseas stock markets, Asian stocks witnessed a mixed trend with most of the markets remained relatively flat throughout the week ahead of Federal Reserve Chairwoman Janet Yellen's speech today, 26 August 2016, which could provide hints about the timing of the next rate hike from the Fed. US stocks registered small losses yesterday, 25 August 2016, with healthcare stocks extending previous trading session's decline.

Globally, investors are awaiting Yellen's speech today, 26 August 2016, which could provide hints about the timing of the next rate hike from the Fed. High US interest rates would pull money out of emerging markets and redirect it to the US. Yellen is due to speak at the Kansas City Fed's annual Monetary Policy Symposium in Jackson Hole, Wyoming. Minutes from the Federal Open Market Committee's (FOMC) July meeting showed officials were split on whether an increase in interest rate was needed soon.

Closer home, foreign portfolio investors (FPIs) sold shares worth a net Rs 372.08 crore yesterday, 25 August 2016, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 357.02 crore yesterday, 25 August 2016, as per provisional data.

Among corporate news, Tata Motors is scheduled to announce Q1 June 2016 results today, 26 August 2016.

State Bank of India (SBI) and ICICI Bank will be in focus after the Reserve Bank of India (RBI) continued to classify these two banks as domestic systemically important banks (D-SIBs). The additional Common Equity Tier 1 (CET1) requirement for D-SIBs has already been phased-in from 1 April 2016 and would become fully effective from 1 April 2019. The additional CET1 requirement will be in addition to the capital conservation buffer. On account of being classified as D-SIB, there is additional CET1 requirement of 0.6% of Risk Weighted Assets (RWAs) for SBI and 0.2% of RWAs for ICICI Bank.

TCS announced new software that enables retailers to leverage insightful data either from in-store sensors or other Internet of Things (IoT) devices to deepen relationships with customers through more personalized customer engagement strategies. The software helps established retailers compete more effectively for the loyalty of consumers. It is designed to counter the bombardment of consumers with random, irrelevant and untimely offers. Retailers are increasingly using IoT technologies to boost customer loyalty through customized marketing campaigns and to close sales - when, where and however the customer chooses. The new software enables retailers to build trusted consumer relationships over time by delivering valued, personalized experiences in the right context and driven by insights from a variety of real world and online data sources. The announcement was made after market hours yesterday, 25 August 2016.

The India Meteorological Department (IMD) in its monsoon update issued yesterday, 25 August 2016, said that for the country as a whole, cumulative rainfall during this year's monsoon so far (till 24 August 2016) was 2% below the long period average (LPA).

Telecom, IT, metal sector stocks and index heavyweight HDFC led losses for key benchmark indices yesterday, 25 August 2016. The Sensex fell 224.03 points or 0.8% to settle at 27,835.91, its lowest closing level since 10 August 2016.