At 7:30 am, the Nifty futures were trading greater by 0.15 per cent on Singapore Stock ExchangeThe benchmark indices are most likely to open sideways after the extended weekend, due to lack of any cues from the global market front.
United States markets ended virtually unchanged, Asian markets are poised for a partially greater opening and trends on SGX Nifty indicate a flat opening for the marketplaces back house.
At 7:30 am, the Nifty futures were trading at 14,770, greater by 29 points or 0.15 per cent on the Singapore Stock Exchange.Asian shares were set to open partially higher on Tuesday as investors shook off earlier stress over a hedge fund default that roiled global banking stocks overnight, while revived concerns about inflation pushed bond yields higher.In the United States, the S&P 500 ended simply somewhat at a loss on Monday, with bank shares falling in the middle of cautions of prospective losses from a hedge fund's default on margin calls, while optimism over the economy limited the day's declines.The Dow Jones rose 0.3 per cent, while the S&P 500 lost 0.09 percent and Nasdaq Composite dropped 0.6 per cent.On the IPO front, mobile gaming business Nazara Technologies will note on the bourses today.On Friday, the BSE Sensex had actually climbed 568.38 points or 1.17 per cent to close at 49,008.50 and the Nifty had actually risen 182.40 points or 1.27 per cent to 14,507.30.
The markets were shut on Monday on account of Holi and will stay closed on Friday due to Good Friday, in what will be a truncated week of trading.