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Indian shares may follow global peers lower on Tuesday amid growing concerns about a potential U.S. recession.<\/p>\n
Benchmark indexes Sensex and Nifty ended slightly lower on Monday, failing to hold early gains. <\/p>\n
The rupee dropped by 36 paise to close at 87.31 against the dollar, after having seen its sharpest single-day fall in two weeks earlier owing to risk-averse sentiment and capital outflows. <\/p>\n
Foreign institutional investors remained net sellers and offloaded shares worth Rs 485.41 crore on a net basis Monday, while domestic institutional investors were net buyers to the extent of Rs 263.51 crore, as per provisional data.<\/p>\n
Asian markets<\/span> followed Wall Street lower, with key benchmark indexes in the region falling 1-2 percent. <\/p>\n Gold was marginally higher, and the dollar index slipped as yields on 2-year Treasuries slumped to the lowest level since October. <\/p>\n Oil extended losses on demand concerns and uncertainty over OPEC+ supply changes. <\/p>\n U.S. stocks plummeted overnight while Treasury yields slid due to rising uncertainty around President Trump’s trade policies and the outlook for inflation and economic growth. <\/p>\n The tech-heavy Nasdaq Composite plunged 4 percent, the S&P 500 lost 2.7 percent and the Dow fell 2.1 percent.<\/p>\n European stocks also closed lower on Monday due to tariff worries, the threat of a U.S. recession and signs of deepening deflationary pressures in China.<\/p>\n The pan European STOXX 600 fell 1.3 percent. The German DAX declined 1.7 percent, while France’s CAC 40 and the U.K.’s FTSE 100 both ended down around 0.9 percent. <\/p>\n<\/p>\n<\/div>\n