Markets may open gap-down following negative cues from Asian peers

The SGX Nifty is trading down by almost 86 points and that could have an impact on the Indian markets even as the Asian peers are deep in the red. The SGX Nifty indicates Nifty may open with deep cut of almost 0.88 per cent around the level of 10,162.50. Among Nifty 50 companies, Adani Ports, Bajaj Finserv, Bajaj Finance and HCL Technologies will report their earnings today.  
  
Asian markets are trading firmly in the negative terrain in early morning deals on Tuesday amid mixed cues overnight from Wall Street and rising geopolitical tensions. The Japanese stock market Nikkei 225 has plunged over 2 per cent, Hong Kong’s Hang Seng has plummeted 1.57 per cent and China’s Shanghai Composite index has slipped 0.39 per cent.  
  
Back home, the key indices started off the session with a gap-up opening, but soon after opening, the indices gave away the morning gains and traded range-bound thereafter. However, in the last leg of trading, selling pressure resumed and indices closed near the lows of the day and, as a result, the indices extended their losses for the third straight day on Monday. The BSE Sensex slipped below 34,200 mark and Nifty closed below the 10,250 level. Talking about sectoral indices, majority of sectors ended in the negative terrain, with Nifty Media and Nifty Metal being the top losers.  
  
The US stock markets started the new week on a mixed note amid continued uncertainty surrounding trade, geopolitics and global bond yields. At the end of the day, Nasdaq Composite index gained 20 points, while the Dow Jones Industrial Average slid 124 points and the S&P 500 dipped 12 points.    
  
The European equities, after trading in the positive terrain for the majority part of the trading session, drifted in the red in the second half of the session. The DAX of Germany lost 0.26 per cent, the CAC of France slipped 0.62 per cent and the UK’s FTSE 100 weakened 0.10 per cent.