Cautious start likely amid mixed cues from Asian peers

Karan Dsij
/ Categories: Pre Morning

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 

Indian markets are expected to open Tuesday’s session on a cautious note in the wake of mixed cues from Asia peers and a sell-off in the US amid fears of the ongoing US and China trade war. The negative trend in SGX Nifty Index Future, which was trading at 10,243, down by 33 points, also indicated a modestly lower opening. On the earnings front among Nifty 50 companies, Tech Mahindra will release its results today.  
  
Asian stocks are trading mixed on Tuesday, mirroring weak cues from Wall Street. Hong Kong’s Hang Seng has lost 0.80 and China’s Shanghai Composite Index has weakened 0.65 per cent, while Japan's Nikkei 225 has surged 0.71 per cent.   
  
Back home, Monday turned out to be a marvellous day of trading for the key benchmark indices as they registered gains of over 2 per cent and reclaimed their important psychological levels of 34,000 (Sensex) and 10,250 (Nifty). The day started with a positive bias but immediate cool-off was seen in the initial minutes of the session. However, post this, there was no looking back and the markets went from strength to strength to end near the day’s high. The broader markets also witnessed buying interest as Nifty Mid-cap and Small-cap surged 3.04 and 2.51 per cent, respectively. Among sectors, all sectoral indices ended in the green with Nifty PSU Bank and Nifty jumping 7.99 and 5.21 per cent, respectively.   
  
The US stocks finished lower on Monday as they gave up their early gains after Bloomberg report stated that the US is preparing to announce tariffs on all remaining Chinese imports if upcoming talks are not productive between President Donald Trump and Xi Jinping and fail to ease the trade war. At the close of trading, the Dow Jones Industrial Average slumped 245 points; the S&P 500 edged down 17 points and the tech-heavy Nasdaq plummeted 117 points. In economic news, personal income rose 0.2 per cent in the month of September.  
  
The European financial markets were in a positive mood at the beginning of the new week after Chancellor Angela Merkel announced that she will not seek re-election of her party’s chair and signalled that this may be her last term as Chancellor. Europe’s major car firms jumped following a report that China may slash purchase tax on many vehicles. The DAX of Germany advanced 1.20 per cent, the CAC of France increased 0.44 per cent and the UK’s FTSE 100 climbed 1.25 per cent. 


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