Domestic stocks are likely to see a muted start as uncertainty over global economic recovery due to a spike in virus cases and fresh escalation in China-US tensions threaten to halt the bulls on their tracks. Global stock indices and oil NSE -2.10 % prices fell in early trade on Tuesday. Nifty futures trading in Singapore hinted at a tepid start for Dalal Street. Nifty futures on the Singapore Exchange-traded 37 points, or 0.35 percent lower at 10,774, in signs that Dalal Street was headed for a negative start on Tuesday.
Nifty50 on Monday saw profit booking at the 200-day simple moving average (SMA) hurdle, as it cut substantial intraday gains to end half-a-per cent higher. The index now needs to hold above 10,700-level to extend its move towards 11,000 levels. Key support exists at 10,650 level. Japan’s Nikkei 225 index was down 0.58 percent or 131.39 points at 22,653.35 in early trade. Hong Kong’s Hang Seng slipped 0.42 percent, or 108.96 points, to 25,663.16. China’s benchmark Shanghai Composite index fell 0.24 percent, or 8.26 points, to 3,435.02.
