Stocks, currency, debt markets shut for Guru Nanak Jayanti
Most Asian stock markets were trading sideways in early trade.
Most Asian stock markets were trading sideways in early trade, ahead of a speech by US President Donald Trump to the Economic Club of New York later in the day. Oil prices were trading lower for the second day on rise in Saudi output.
A partial holiday in the United States overnight made for a quiet session on Wall Street. The Dow Jones index rose 0.04 per cent while the S&P500 index lost 0.20 per cent for the trade.
On Monday, Sensex and Nifty staged a smart rebound in late trade and eked out small gains, led by gains in financial stocks. The 30-share Sensex closed 0.05 per cent or 21.47 points higher at 40,345.08, while broader 50-share Nifty climbed 0.04 per cent or 4.80 points to close at 11,912.95.
When the stock and currency markets open on Wednesday, they would first react to a 4.3 per cent contraction in factory output for September.
The consumer price inflation data for October will be released later on Tuesday, which would be key to rate cut expectations.
Besides, a host of companies including Info Edge, Aurobindo Pharma, Adani Gas, Godrej Industries, Natco Pharma, AIA Engineering, Sanofi and Bayer Cropscience will announce their September quarter results later in the day.
IRCTC, ABB, Pidilite Industries, Muthoot Finance Oracle Financial Services, The New India Assurance Company and Cadila Healthcare will be among companies that will disclose quarterly results on Wednesday.