U.S. stock futures signalled a positive opening, with Nasdaq futures rising 0.50 percent, S&P 500 futures up 0.44 percent, and Dow futures advancing 0.36 percent.
MSCI index of Asia-Pacific shares ex-Japan fell 1.4%, while Japan's Nikkei ended lower by 1.6%. Shares across Europe have extended their fall and Dow futures is trading lower on Tuesday.
Overseas investors pulled out a net sum of Rs 24,776.36 crore from equities and Rs 13,199.54 crore from the debt segment between Mar 2-13, depositories data showed.
Dow Jones industrial average fell 109 points, while S&P 500 and Nasdaq 100 futures declined 13.25 points and 46.25 points, respectively.
However, Dow futures were still about 300 points lower after earlier falling 800 points. Stock futures fell and bonds rallied as markets feared Donald Trump could pull off an upset and take the White House.
Dipan Mehta, Member at BSE and NSE says as the Indian markets are concerned, he believes corrections like this are good for investors who have been left out, but traders, he cautions, should be extremely quick and avoid leverage positions
Mainland China equities lost 2 percent in early trade on Monday while the Dow futures tanked 200 points on reports that Beijing may finally halt its controversial market intervention.
It wasn‘t a great close for the Indian market on Friday, but today it has a bigger problem to face. Suddenly, there is a problem from Europe. The problem is a levy on depositors for banks in Cyprus, which has led to a fear of contagion across the financial system in Europe.
CNBC-TV18's managing editor Udayan Mukherjee points out that cuts in Europe jeopardised stability in the region and triggered a slide in the Indian market
“Europe clearly has surprised on the way up with its opening, but now, things are getting quite murky and volatile again,” says Udayan Mukherjee, managing editor, CNBC-TV18
While expects continue to speculate on how the market will close today, opinions are vastly deviant. “I am not sure if we will break the 5400 level today, but it is possibly in the last leg of the trade today,” says Mukherjee.
PN Vijay, Portfolio Manager, www.askpnvijay.com opines on CBNC-TV18, his outlook of the market and the effect of the election results on the bourses. He sees the election result being a positive for the Congress and says that, for the markets, elections are only an event and not a trend.
Global markets have been under pressure today, beginning with Asia and then Europe. Udayan Mukherjee, the managing editor of CNBC TV18 emphasises that the global scenario what is keeping us under check today.
Udayan Mukherjee, managing editor of CNBC-TV18 says it’s been a tough day for the market. “We are now up to 5470 that is a 40 point Nifty recovery in the last 20 minutes or so.