Indian shares are seen opening lower on Tuesday, with concerns over coronavirus curbs and signs of slowing factory activity in key buyer countries likely to weigh on sentiment at open. Bharti Airtel, Adani Enterprises and Adani Ports will unveil their quarterly results later in the day.
Benchmark indexes Sensex and the Nifty jumped around 0.7 percent and 0.8 percent, respectively on Monday, with realty, IT and auto stocks leading the surge. The rupee gained seen paise to close at 74.34 against the greenback.
Asian markets were mostly lower this morning on concerns that the economic recovery from the pandemic is losing momentum. The dollar retreated while oil prices recovered some ground after falling sharply overnight on fuel demand concerns.
U.S. stocks reversed early gains to end mixed overnight as strong earnings and progress on a U.S. infrastructure spending plan were offset by weak manufacturing data.
The Dow dropped 0.3 percent and the S&P 500 slid 0.2 percent while the tech-heavy Nasdaq Composite index inched up 0.1 percent.
European stocks rose on Monday as optimism around earnings and economic reopening outweighed data showing signs of slowing growth in China.
The pan European Stoxx 600 climbed 0.6 percent. The German DAX edged up 0.2 percent, France’s CAC 40 index rallied 1 percent and the U.K.’s FTSE added 0.7 percent.
Sensex, Nifty Set To Follow Asian Peers Lower
2021-08-03 02:56:58
