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Indian shares may open a tad higher on Tuesday, with positive global cues on the back of earnings optimism and progress on U.S. President Joe Biden’s economic agenda likely to help underpin investor sentiment. <\/p>\n
Japanese brokerage firm Nomura has downgraded Indian markets<\/span> to neutral from overweight, citing unfavorable risk-reward given high valuations.<\/p>\n At the same time, the brokerage expects India’s capital markets to be resilient in the event of foreign investors suddenly getting cold feet.<\/p>\n Benchmark indexes Sensex and the Nifty ended a choppy session slightly higher on Monday after strong results from private sector lender ICICI Bank. <\/p>\n Asian markets were broadly higher this morning, with Japan’s Nikkei climbing as much as 1.7 percent after a new poll suggested that Prime Minister Fumio Kishida’s ruling Liberal Democratic Party is likely to keep substantially more than half the seats in parliament in this weekend’s general election.<\/p>\n Gains elsewhere were modest as the debate over inflation risks intensified. The dollar steadied in choppy trade after the Treasury yield curve steepened overnight.<\/p>\n Gold held above $1,800 an ounce while oil edged lower after having hit $85 a barrel for the first time since 2014. <\/p>\n U.S. stocks advanced overnight as Tesla shares surged on a huge rental order of 100,000 cars and House Speaker Nancy Pelosi expressed confidence that congressional Democrats are near a deal on a large spending package.<\/p>\n The Dow edged up 0.2 percent and the S&P 500 added half a percent to reach new record closing highs while the tech-heavy Nasdaq Composite climbed 0.9 percent. <\/p>\n European stocks ended mostly higher on Monday as worries about China Evergrande’s debt woes eased.<\/p>\n The pan European Stoxx 600 ended flat with a positive bias. The German DAX rose 0.4 percent and the U.K.’s FTSE 100 gained 0.3 percent while France’s CAC 40 index dropped 0.3 percent. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div>\n