On Tuesday, 26 April 2016 the SGX Nifty is likely to open flat. On Monday in Singapore the SGX Nifty closed at 7,864.00 down 11.00 points for a loss of 0.14 percent. The high for the day was 7,916.50 and the low for the day was 7,830.00. The high resistance level for Tuesday is 8,004.33 and the low support level is 7,824.33. Closely tracking the movement of the India NSE Nifty, the futures SGX Nifty Index fell on Monday as all stock market sectors in India were primarily lower. The NSE Nifty closed at 7,855.05 down 44.25 points or 0.56 percent. The BSE Sensex closed at 25,838.14, down 42.24 points for a loss of 0.16 percent. Among India NSE stocks leading the market lower on Monday were Cairn India Limited (CAIRN), Vedanta Ltd (VEDL) and Hindalco Industries Ltd. (HINDALCO). Lower oil price affects continued to weigh on India’s stock market. Meanwhile, anticipation of central bank meetings from the U.S. Federal Reserve, Bank of Japan and the Reserve Bank of New Zealand all pushed markets lower.

In other Asian markets, China’s Shanghai Composite closed at 2,959.24, up 6.35 points for a gain of 0.22 percent. Hong Kong’s Hang Seng Index closed at 21,467.04, down 155.21 points for a loss of 0.72 percent. Japan’s Nikkei closed at 17,572.49, up 208.87 points for a gain of 1.20 percent.

In Europe energy and mining sector stocks continued their trend lower. The FTSE 100 closed at 6,310.44, down 71.00 points for a loss of 1.11 percent. The FTSE 250 was also lower at 16,871.46, down 107.98 points for a loss of 0.64 percent. Stocks leading the market lower included Anglo American (AAL), BHP Billiton (BLT), BP (BP), Shell (RDSA) and Glencore (GLEN). Central bank meetings from the U.S., Japan and New Zealand also slowed market trading for the day.

In the U.S., companies continued reporting earnings for the first quarter. On Monday the Dow Jones Industrial Average closed below 18,000 at 17,977.24, a loss of 26.51 points or 0.15 percent. The S&P 500 was also lower for the day, closing at 2,087.79 for a loss of 3.79 points or 0.18 percent. Disappointing earnings primarily led the market lower for the day and traders expect the U.S. Federal Reserve to keep interest rates unchanged on Wednesday which helped to keep volatility basically stable. Technology stocks also trended lower with the Nasdaq closing at 4,895.79, down 10.44 points for a loss of 0.21 percent.