Indian shares are likely to open little changed on Tuesday amid continued selling pressure over Budget proposals and mixed trades in global markets.
Asian shares traded marginally higher following losses in US stocks over fading hopes of a huge rate cut by the US Federal Reserve.
Indian benchmark indices BSE Sensex and NSE’s Nifty 50 plunged 2 percent, their biggest one-day fall this year, dragged mainly by shares of banking and financial services companies. The Sensex ended 793 points lower at 38,721, while the broader Nifty50 index lost 253 points to end at 11,559.
At 7.45 AM, the SGX Nifty futures traded 5 points, or 0.04 percent, lower at 11,563.50, pointing to a muted start for the Sensex and the Nifty 50.
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