In opening market trading Tuesday, the SGX Nifty is lower by -38.50 points and as a leading indicator of India’s NSE Nifty, the SGX Nifty is suggesting stocks will fall in India Tuesday. The high resistance level for the SGX Nifty on Tuesday is 8,094.50 and the low support level is 7,671.50. On Monday, the NSE Nifty closed at 7,866.05 for a gain of 1.71 percent or 132.60 points. The BSE Sensex closed at 25,688.86 for a gain of 460.36 or 1.82 percent. All sectors were higher led by banking stocks. The Bank Nifty closed for the day Monday at 16,686.1 for a gain of 389.5 points. In the banking sector companies leading gains included Axis Bank and HDFC Bank.

The market appears to be retreating from some of its highs on Monday which were fueled by increases in earnings growth. On Monday, India’s stock market indexes posted some of their greatest highs in the recent weeks. Among stocks leading the market Monday were Thyrocare Technologies which has reported substantial success and significant earnings growth since its recent IPO in December 2015. Cigarette maker ITC Ltd remained in the news posting gains Monday after reopening many of its manufacturing locations previously closed due to regulatory compliance.

In other Asian markets, China’s Shanghai Composite closed at 2.832.11 for a loss of -81.14 points or -2.79 percent. Hong Kong’s Hang Seng Index closed at 20,156.81 for a gain of 46.94 points or 0.23 percent. The S&P BSE Sensex closed at 25,688.86 for a gain of 460.36 points or 1.82 percent. Japan’s Nikkei 225 closed at 16,216.03 for a gain of 109.31 points or 0.68 percent.

In Europe the DAX gained 110.54 points or 1.12 percent to close at 9,980.49 after Germany and the Eurozone agreed to provide further aid for a Greek bailout which boosted stocks. The FTSE 100 was down -10.89 points or -0.18 percent to close at 6,114.81 as lower metals and mining valuations weighed on the Index. The FTSE 250 was higher gaining 38.30 points or 0.23 percent to close at 16,687.06. In Greece the Athens Composite gained 4.46 points or 0.74 percent to close at 610.07. Other notable index closes in Europe included France’s CAC 40 which closed at 4,322.81 for a gain of 21.57 points or 0.50 percent; the Stoxx Europe 600 which closed at 333.22 for a gain of 1.55 points or 0.47 percent; and the Stoxx Europe 50 which closed at 2,780.51 for a gain of 15.08 points or 0.55 percent.

In the U.S. market, the Dow Jones Industrial Average closed lower on Monday, finishing the day at 17,705.91 for a loss of 34.72 points or 0.20 percent. The S&P 500 was higher, closing at 2,058.69 for a gain of 1.55 points or 0.08 percent. The Nasdaq Composite traded higher closing at 4,750.21 for a gain of 14.05 points or 0.30 percent. Market trading in the U.S. was mainly flat as U.S. stock valuations factored in some weakening economic data and a possible delay in the Federal Reserve’s plans for the next federal funds rate increase.