Market may open flat tracking dull trading in Asian markets

We expect a muted opening for the Indian markets on Tuesday on the back of lacklustre trading in Asian markets. The SGX Nifty suggests that Nifty could open unchanged at 11,584.  
  
Majority of the markets in Asia are trading with thin gains on Tuesday. China’s Shanghai Composite is up 0.48 per cent and Hong Kong's Hang Seng has gained 0.21 per cent. On the other hand, the Japan’s benchmark Nikkei 225 index is trading below the neutral line.  
  
Back home, Monday turned out to be a marvellous trading day for the Indian markets as bulls were in full charge and the frontline indices settled at their fresh closing high levels, conquering their important psychological levels of 11,550 ( Nifty)  and 38,200 ( BSE Sensex)  for the first time ever. The broader indices ended in the green with the Nifty Mid-cap and Small-cap indices gaining 0.80 per cent and 0.36 per cent, respectively. Among the sectors, barring Nifty IT, all sector indices ended in the positive terrain on the NSE. Nifty Metal , Nifty PSU Banks and Nifty Auto were the top gainers.  
  
In the US, after initially moving on the upside, stocks were seen trading in a range just ahead of the closing on Monday on reports that President Donald Trump in an interview had escalated his criticism of Fed Chairman Jerome Powell and higher interest rates. The Dow Jones Industrial Average gained 89 points to finish at 25,759; the S&P 500 climbed 7 points to close at 2,857 and the Nasdaq Composite Index advanced 5 points to end at 7,821.  
  
The European stocks ended the first session of the new trading week on a positive note as market participants look forward to the outcome of trade talks between the world’s two largest economies scheduled later this week. Greece formally exited its bailout loan programme after eight years of austerity and financial reforms. The DAX of Germany climbed 0.99 per cent; CAC 40 of France increased 0.65 per cent and the UK’s FTSE 100 finished higher by 0.43 per cent.