Market may open negative on weak global cues

Indian Equity indices ended Monday’s session with decent gains, as Sensex closed at a new record high and Nifty closed above 9,900 mark for the first time ever.

The European markets ended Monday’s session with mixed results. The DAX of Germany fell 0.35 per cent and the CAC 40 of France slipped 0.10 per cent. Bucking the trend the FTSE 100 of the U.K. rose 0.35 per cent.

Wall Street ended mostly flat on Monday, the lacklustre trading on Wall Street comes as traders appear hesitant to make a noteworthy move ahead of the key earnings. The Dow Jones Industrial Average edged down 8 points to end at 21,630. The S&P 500 almost closed unchanged. The Nasdaq Composite Index rose about 2 points to close at 6,314.

Asian stocks fell in early trade on Tuesday; Japan’s Nikkei 225 is leading the fall as it has plunge 132 points followed by Hong Kong Hang Seng which has shed 36 points and China’s Shanghai Composite which is trading at 3,175 has shed 1 point.

Domestic market may open in negative terrain as profit booking emerged in Asian markets and a muted session on Wall Street. Trading of SGX Nifty hints that the Nifty may open 30 points lower at 9,915 at the opening bell. Key earnings for the day to watch out are Ultratech Cement and Hindustan Unilever.