Nifty Futures -U.S. dollar, yields climb on retail data, North Korea lull

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The U.S. dollar and U.S. Treasury yields climbed on Tuesday after solid U.S. retail data and an easing in U.S.-North Korean rhetoric, but Wall Street was held down by weakness in retail stocks.

After last week's market jitters from escalating U.S.-North Korea tensions, investors were relieved to be able to look beyond geopolitics at least temporarily after North Korean leader Kim Jong Un said he would watch the United States' actions for a while longer before deciding whether to fire missiles towards the U.S. island territory of Guam.

Data for July showed the biggest increase in U.S. retail sales in seven months as consumers ramped up discretionary spending and boosted purchases of motor vehicles, suggesting the economy continued to gain momentum.

While the data was strong, however, worries about retailers' earnings and the outlook for home improvement stores dragged on the S&P, with Home Depot <HD.N> and Lowes Companies <LOW.N> representing the biggest drags on the benchmark.