Most Asia-Pacific stocks declined on Tuesday tracking overnight losses on Wall Street. Markets in Japan and South Korea are closed. The S&P ASX 200 was 0.52% down, and Hang Seng was 0.42% higher as of 7:22 a.m. On Monday, the Dow Jones Industrial Average and S&P 500 ended 0.97% and 1.07% down, respectively. The Nasdaq Composite ended 1.19% down.
The brent crude was trading 0.15% higher at $74.50 a barrel as of 7:12 a.m. The Bloomberg spot gold was 0.13% higher at $2,609.82 an ounce.
The GIFT Nifty was trading 0.20% or 46.50 points down at 23,656.50 as of 7:11 a.m.
The benchmark equity indices eroded early gains in the last leg of the trade to end lower on Monday. Broad-based weakness across Asia and Europe also put pressure on the indices.
The NSE Nifty 50 closed 168.50 points or 0.71% down at 23,644.90 and the BSE Sensex ended 450.94 points or 0.57% lower at 78,248.13.
Overseas investors have been net sellers for the 10th consecutive session and collectively offloaded stocks worth Rs 24,044.2 crore. Foreign portfolio investors offloaded stocks worth approximately Rs 1,893.2 crore on Monday, while the Dlls bought stocks worth Rs 2,173.9 crore, according to provisional data from the National Stock Exchange.