Moneycontrol News

The market is likely to open lower on Tuesday, tracking weakness in Asian stocks. The Nifty50 closed up 0.10 points at 10,806.60 on Monday.

Trends on the SGX Nifty also indicated a weak start to the market, as futures are down 24.50 points at 10,784.50 on the Singaporean Stock Exchange, which could possibly be showing signs of caution on Karnataka assembly poll results.

Asia stocks pulled back on Tuesday, after an uninspiring performance on Wall Street eclipsed support from US-China trade optimism, while supply concerns kept crude oil prices near 3-1/2-year highs.

Markets in the US ended the day higher on Monday amid hope that there could be a potential breakthrough in tensions between the US and China, the world's two largest economies.

The Dow Jones industrial average rose 68.24 points to 24,899.41 while the S&P 500 gained 0.1 percent to close at 2,730.13 and the Nasdaq composite advanced 0.1 percent to 7,411.32.