Mixed Asian markets likely to push Indian indices towards a positive start; Tata Motors will be on the radar

Indian benchmark on Monday logged modest gains on the first trading session of the week marked with volatility. Index pivotal ITC held benchmark indices as the stock logged gains of over 6 per cent.  The NSE's 50-share broadly followed index - Nifty settled with modest gains of ten points above the psychological 9,400 levels, while Bombay Stock Exchange's Sensitive Index - Sensex gained over a quarter per cent and closed above the psychological 30,500 mark.

The European markets ended the first day of the new trading week on a mixed note. The markets oscillated between small gains and losses over the course of the trading day and ended the session little changed overall. The DAX of Germany dropped 0.15 per cent and the CAC 40 of France fell 0.03 per cent. The FTSE 100 of the U.K. gained 0.34 per cent.

U.S. stocks rose on Monday boosted by technology shares and by defence companies led the market higher for a third session. The Dow Jones Industrial Average added 90 points to close at 20,895. The S&P 500 index accumulated 12 points to end at 2,394. The Nasdaq Composite gained 50 points to close at 6,134.

Asian markets trading mixed on Tuesday. Japan’s markets Nikkei 225 slipped 24 points. Hong Kong’s Hang Seng advanced 57 points and China’s Shanghai Composite gained 2 points.

At 8:07 am SGX Nifty Index trading with gains of 26 points at 9,475, indicating positive start for Indian indices. The stock of Tata Motors will be in focus today as the index pivotal will report its quarterly earnings today.