Markets may open flat to negative surrounded by mixed global cues

Indian benchmark indices on Monday got off to a soft start, and they slipped lower in the late morning trade. Thereafter, the indices kept wavering in a narrow range through the day’s trade. Finally, the India Nifty closed down 0.13 per cent at 9139.30, while the Sensex ended 0.16 per cent lower at 29413.66. However, broader markets managed to outperform the larger peers as the BSE’s midcap and smallcap indices settled with moderate gains.The European markets were closed on Monday.The U.S stocks rebounded on Monday, notching their largest gains since March 1, as financial stocks led markets higher. The Dow Jones Industrial Average rose 184 points to close at 20637. The S&P gained 20 points to finish at 2,349. The Nasdaq Composite Index rallied 52 points to close at 5,857.Asian markets are trading mixed on Tuesday. Japan’s Nikkei 225 is trading with gains of 56 points. China’s Shanghai Composite is trading lower by 6 points. Hong Kong’s Hang Seng slid over 200 points.At 8:01 am, SGX Nifty Index was trading with losses of 6 points at 9161, indicating a flat to negative start for Indian equities. TCS will be in focus today as the IT major is slated to post its results for the January-March quarter.

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