Indian shares are set to open lower on Tuesday following losses in Asia as investors await the US Federal Reserve’s policy decision this week for clues of whether it will continue to take a "patient" approach to interest rate policy.
Indian markets were closed on Monday on account of the voting day in Mumbai. On Friday, benchmark indices reversed gains and ended around 0.8 percent higher amid rising crude oil prices. The Sensex rose 336.47 points to 39,067.33 and the Nifty50 gained 112.90 points to 11,754.70 amid rising crude oil prices.
At 7.30 AM, the SGX Nifty, an early indicator of the Nifty 50's trend in India, was down 38.5 points at 11,831, indicating a tepid start for the Sensex and Nifty.
Stocks in focus: Yes Bank, Sun Pharma, Reliance Capital, Kotak Bank. Click here to know more.
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