At 7:30 am, the Nifty futures were trading practically the same at 14,727 on Singapore Stock ExchangeThe domestic stock markets are likely to have a subdued opening, publish the volatility witnessed in the previous session.
Patterns on SGX Nifty suggest a careful opening for the index in India, with a 4-points gain.
At 7:30 am, the Nifty futures were trading essentially unchanged at 14,727 on the Singapore Stock Exchange.Asian equities are poised to rise on Tuesday after the S-P 500 and Dow indexes set records as a streak of strong United States financial information sustained optimism even as a smaller-than-expected climb in 10-year Treasury notes relieved inflation concerns.Australian S-P/ASX 200 futures rose 0.34 percent in early trading, while Hong Kong's Hang Seng index futures rose 0.40 per cent.United States stocks rallied on Monday with the Dow and S-P 500 closing at record levels, as a round of strong financial information buoyed financier optimism for the economic reopening and a soft climb in the 10-year United States Treasury yield kept inflation worries in check.The Dow Jones increased 1.13 percent, the S-P 500 acquired 1.44 percent and the Nasdaq Composite included 1.67 per cent.Meanwhile, oil fell more than $3 a barrel on Monday as increasing supply from OPEC+ and greater Iranian output countered signs of a strong financial rebound in the United States.The Company of the Petroleum Exporting Countries and allies, referred to as OPEC+, agreed on Thursday to regular monthly production walkings from Might to July.
OPEC member Iran, exempt from making voluntary cuts, is likewise boosting supply.Brent crude for June fell $3.08, or 4.8 percent, to $61.78 a barrel by 1:42 p.m.
EDT (1742 GMT).
United States West Texas Intermediate crude for May dropped $3.21, or 5.2 percent, to $58.24.
On Tuesday, the BSE Sensex fell 870.51 points or 1.74 percent to 49,159.32 and the Nifty was down 229.60 points or 1.54 percent at 14,637.80.