The US major indexes finished 1 percent lower each amid renewed strength in the US dollar and some upbeat data that could bolster the case for a quicker-than-expected rate hike. Wall Street reopened for its first trading day of the week after being closed for Monday's Memorial Day.
US benchmark West Texas Intermediate (WTI) for June delivery eased eight cents to USD 58.86 while Brent crude for June gained seven cents to USD 65.61 in late-morning trade. WTI tumbled USD 1.99 in New York and Brent closed down USD 2.23 in London.
Overnight, US stocks gave up gains in the minutes before the close as investors eyed continued gains in oil and the US dollar ahead of the unofficial start of earnings season on Wednesday.
The European Central Bank's 1 trillion euro quantitative easing programme, launched this month, has prompted investors to pile into shares on bets that a weak euro, low borrowing costs and cheap oil will help company profits surge.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest. Remember these are midcap ideas not just for the day, but stocks that look attractive in the medium-term as well.
Buy Apollo Tyres, says Rajesh Jain, Market Strategist
Amara Raja has target of Rs 240, says Rajesh Jain, Market Strategist
DB Corp has target of Rs 250, says Rajesh Jain, Market Strategist
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Buy Venkys, says Rajesh Jain, Market Strategist.
Prime Focus has target of Rs 70, says Rajesh Jain, Market Strategist.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Sadbhav Engineering has target of Rs 150, says Rajesh Jain, Market Strategist.
Buy Emami, says Rajesh Jain, Market Strategist.
Supreme Industries has target of Rs 195, says Rajesh Jain, Market Strategist.
ADF Foods has target of Rs 70-72, says Rajesh Jain, Market Strategist.
CNBC-TV18 brings you a brand new week of Bull's Eye. It's the popular game show where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Jain Irrigation has target of Rs 170, says Rajesh Jain, Market Strategist.
SBI has target of Rs 2200, says Rajesh Jain, Market Strategist.
ITC has target of Rs 195, says Rajesh Jain, Market Strategist.
Reliance Industries can test Rs 885, says Rajesh Jain, Market Strategist.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.
Buy Power Grid, says Rajesh Jain, Market Strategist.
ENIL has target of Rs 260, says Rajesh Jain, Market Strategist.