Markets may open higher on positive Asian cues

After starting the day on promising note, the indices failed to hold on to their initial gains and ended in red terrain on Monday, Nifty breached its important psychological 9,800 mark and Sensex breached 31,300 mark. Infosys extended losses for a second session in a row and plunged over 5 per cent. 

European stocks ended the first trading session of the week with losses.  The DAX of Germany lost 0.82 per cent, the CAC 40 of France shed 0.52 per cent and the FTSE 100 of the U.K. dipped 0.07 per cent.

The majority of U.S. stock closed in green on Monday. The Dow Jones Industrial Average closed up 29 points at 21,704. The S&P 500 index advanced 3 points at 2,428. The tech-heavy Nasdaq Composite Index dipped 3 points to 6,213.  

Asian stock-market indexes mostly trading higher in early trade on Tuesday. Hong Kong Hang Seng has surged 306 points and Japan’s Nikkei 225 has advanced 13 points. While bucking the trend China’s Shanghai Composite has lost 7 points. 

Domestic bourses may start the day on a positive note as cues from the Asian peers are positive and the positive trend in the SGX Nifty which were trading at 9,809 higher by 36 points is indicating a positive start for the day.