Looking to continue its momentum from the last session, the market may open slightly higher. The SGX Nifty was trading marginally up around 0.20 percent on Tuesday. Corporate earnings of few index heavyweight may decide a course of the market today.
Asian markets were mixed in early trade, taking cues from a weak handover from Wall Street as US President Donald Trump formally withdrew the nation from the Trans-Pacific Partnership (TPP) trade deal. The Nikkei was down three-tenth of a percent in early trade, extending the previous session's declines of more than 1 percent, while the Korean markets were trading flat with a negative bias
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In the US, equities saw a fall, but closed off its session lows, as investors looked for more details regarding Trump's policies, which are largely seen as protectionist. Banking stocks were among the worst performers, with the sector losing more than 1.2 percent. The Dow Jones closed over 25 points lower, with Boeing and Mcdonald's contributing the most losses. European markets were also seen weaker with major indices ending more than half a percent lower.
The FTSE 100 lost around 47 points (0.66 percent), while the DAX closed over 0.70 percent lower. Back home, the markets staged a recovery intraday on Monday, but it lost those gains during the second half of the trading session. The 30-share BSE Sensex was up 82.84 points to close at 27117.34. The 50-share NSE Nifty gained 42.15 points at 8391.50 after hitting an intraday high of 8404.15 and 8327.20. HDFC Group, FMCG, metals, PSU oil and technology stocks gained while infra and select private banks were under pressure.
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