Indian benchmark indices BSE Sensex and NSE’s Nifty 50 are likely to open flat on Tuesday ahead of F&O expiry this week and as investors await Q4 GDP data due to be released on Friday.
According to SBI research, India’s Q4 GDP is expected to moderate to 6.1 percent to 5.9 percent, which could pull down growth rate for the entire fiscal 2018-19 to below 7 percent.
Asian shares traded higher after EU election results eased concerns about political difficulties in the bloc, although persistent trade concerns capped gains.
Indian shares settled over half a percent higher in the previous session, rising for the second session after the Lok Sabha election results.
At 7.15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 17 points, or 0.14 percent, lower at 11,907, indicating a muted beginning for the Sensex and the Nifty.
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