Markets may extend recent weakness

Bloodbath continues on D-Street as Indian benchmark indices ended sharply lower on Monday with the Nifty and Sensex breaching its crucial level of 9,900 and 31,700 respectively. The market breadth, indicating the overall health of the market, depicted weakness. At the closing bell, Nifty settled at 9,873 and Sensex settled at 31,627.  

The European markets ended Monday’s session on a mixed note.  The German DAX Index settled just above the neutral line. The French CAC 40 Index slipped 0.27% and the FTSE 100 of the UK shed 0.13%.  

The US’ stocks decline on Monday on the back of tensions between the US and North Korea and sharp sell-off in the technology stocks. The tech-centric Nasdaq Composite Index plunged 56 points to 6,371. The Dow Jones Industrial Average lost 54 points to 22,296. The S&P 500 index dipped 6 points to 2,497.  
   
Asian markets were mixed in early trade on Tuesday. The Hong Kong’s Hang Seng has gained 59 points. On the other hand, the Nikkei 225 has dipped 16 points and t he China’s Shanghai Composite has lost 3 points.    

The Indian benchmark indices are expected to edge lower in the morning session on the back of subdued global cues. The Nifty futures on the Singapore Exchange were trading at 9,869 with a loss of 15 points.