Indian stock markets are likely to be in the red on Tuesday, with trends in SGX Nifty indicating that the benchmark indices may open in negative.
Asian equities and oil prices tumbled in early deals amid growing investor concerns over a second wave of covid-19 infections after the Chinese city, where the pandemic originated, reported first new cases since its lockdown was lifted.
The central Chinese city of Wuhan reported five new cases on Monday, casting doubts over efforts to lower covid-19-related restrictions in the country as businesses restart and individuals went back to work.
The S&P 500 barely closed higher on Wall Street, but the Nasdaq posted its sixth consecutive advance as technology and healthcare shares provided the biggest