Mumbai, August 25: The BSE Sensex is expected to open lower on Tuesday, taking cues from tepid Asian peers, as investors take a breather after the market rallied 5.5 percent over the past three sessions.
Energy giant Reliance Industries and state-run explorer Oil and Natural Gas Corp will be watched as oil prices fell below $74 a barrel on Tuesday, down for the first time in six days.
Non-ferrous metals producer Sterlite Industries will be on the radar as copper prices in Shanghai held steady on Tuesday, having slammed into its upside limit in the previous session.
Software services firm HCL Technologies Ltd will also be watched after it reported a quarterly net profit of 192.9 million rupees.
Asian markets were lower on Tuesday, with Japan’s Nikkei down 0.5 percent by 0341 GMT, while MSCI’s measure of other Asian markets fell 0.9 percent.
China’s benchmark stock index fell more than 3 percent on Tuesday morning, led by banking stocks, after Premier Wen Jiabao said China would keep its monetary policy loose as the economy faces new difficulties, including trouble boosting domestic consumption.
U.S. stocks ended the day barely changed on Monday as investors took a break from a four-day rally that lifted major indexes to 10-month highs.
Nifty India stock index futures traded in Singapore were down 0.5 percent on Tuesday, pointing to a lower opening in India.
On Monday, the 30-share BSE index ended up 2.55 percent at 15,628.75, its best close since Aug. 5.
–Reuters