Indian markets are likely to open flat tracking global indices and SGX Nifty.
US markets may show a lack of direction in early trading on Tuesday following the
modest strength seen in the previous session. The major index futures are currently
pointing to a mixed open for the markets with the Dow futures up by 52 points and
the Nasdaq futures down by 4 points.
The European markets got off to a rough start Tuesday but ended the session with
modest gains. Traders are in a cautious mood ahead of the upcoming flurry of
central bank activity this week.
Indian markets fell modestly on Tuesday after three days of strong gains and amid
macro data on inflation and industrial output due later in the day.
While a rise in crude prices rekindled inflation worries global cues also remained
muted ahead of key central bank meetings due this week as well as a major annual
economic planning conference in Beijing that will set policy priorities for the next 12
months.
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