On Tuesday in Singapore the SGX Nifty closed at 7,966.00. The SGX Nifty was up 1.00 point for an increase of 0.01 percent. The high for the day was 7,990.00 and the low for the day was 7,831.00. The high resistance level for Wednesday is 8,004.17 and the low resistance level is 7,744.67. Closely tracking the movement of the India NSE Nifty, the futures SGX Nifty Index gained on Tuesday as all market sectors were primarily higher. The NSE Nifty closed at 7,962.65 for a gain of 107.60 points or 1.37 percent. The BSE Sensex closed at 26,007.30 down 328.37 points for a gain of 1.28 percent.

Among India NSE stocks leading the market on Tuesday were Hindalco (HINDALCO) and Tata Steel (TATASTEEL) which regained valuations after falling in oversold territory on Monday. Maruti (MARUTI) was a market leader for Tuesday also helping push auto stocks higher. The automotive company reported a strong increase in fourth quarter revenue along with substantially improved operational expense margins. Stability in interest rate changes by the U.S. Federal Reserve also helped markets globally on Tuesday as traders expect no change on the federal funds rate from the U.S. Federal Reserve when its April meeting ends on Wednesday.

Markets were also higher across Asia. In other Asian markets, China’s Shanghai Composite was at 2,965.40 gaining 18.73 points. Hong Kong’s Hang Seng Index was at 21,407.27 for a gain of 102.83 points. Japan’s Nikkei was at 17,353.28 for a loss of 86.02 points.

In Europe, market indexes also trended higher. The FTSE 250 was at 16,965.68 for a gain of 94.22 points or 0.56 percent. Energy and banking sector stocks helped push markets higher for the day as BP PLC (BP) and Standard Chartered PLC (STAN) both reported positive earnings reports. In France the CAC level was 4,533.18 for a loss of 12.94 points on Tuesday. In Germany the DAX level was 10,259.59 for a loss of 34.76.

In the U.S., companies continued reporting earnings for the first quarter and stocks traded flat on Tuesday as the Federal Reserve began its April meeting. Traders expect the meeting to close on Wednesday with no change in the federal funds rate which has added stability to index trading in the U.S. and globally. On Tuesday the Dow Jones Industrial Average closed at 17,990.32 for a gain of 13.08 points or 0.07 percent. The S&P 500 also reported positive trading for the day, closing at 2,091.70 for a gain of 3.91 points or 0.19 percent. Technology stocks on Tuesday traded lower as the market anticipated drops in technology sector earnings. On Tuesday the Nasdaq Composite was down 0.15 percent for the day to close at 4,888.31.