India’s Nifty and Sensex are set for a negative start on Tuesday, tracking mixed global cues, negative Gift Nifty futures.

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• India’s Nifty and Sensex are set for a negative start on Tuesday, tracking mixed global cues, negative Gift Nifty futures.
• Nifty and Sensex suffered on Monday to close in the red amid declines in metal and pharma sector stocks.
• All eyes now remain on US PCE inflation data, India’s Q3 GDP and monthly derivatives expiry due later this week.

The Sensex 30 and Nifty 50, India’s key benchmark indices, are set to open mixed to lower on Tuesday, following Monday’s nearly 0.50% decline.

Early Tuesday, Asian markets took the negative lead from Wall Street overnight to trade mixed while Gift Nifty futures drop 0.25% on the day so far. Both these factors indicate a tentative open for the Indian indices.

Indian traders remain jittery ahead of India’s third-quarter Gross Domestic Product (GDP) data and the expiry of monthly derivatives contracts due later this week.

The National Stock Exchange (NSE) Nifty 50 and the Bombay Stock Exchange (BSE) Sensex 30 lost nearly 0.45% on the day to settle at 22,122.05 and 72,790.13 respectively.

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