 "Markets closed on account of Id-Ul-Fitr")
Yesterday, the Nifty slipped and closed at its lowest level since July 21 at 7,749. The Sensex was off 0.5% to close at 25,991.
On Wednesday, Bank of India, Bharat Forge, Dr Reddy’s Lab, IRB Infra, Lupin are likely to announce their earnings.
Global Markets
Asian shares touched fresh three-year highs on Tuesday as investors in the region drew encouragement from a rally in Chinese markets, though caution was widespread given the torrent of U.S. economic news still to come this week.
Hong Kong's key stock index inched to its loftiest level in over 3-1/2 years on optimism that the world's second-largest economy has turned a corner and as investors wagered on more growth-friendly policies from Beijing.
The CSI300 of the leading Shanghai and Shenzhen A-shares levelled off, having climbed over 7% in the past six sessions.
MSCI's broadest index of Asia-Pacific shares outside Japan added 0.2% to be just a whisker from a peak last touched in April 2011. Likewise, South Korea's index gained 0.6% to its highest since mid-2011.
Japan's Nikkei rose 0.4% to a six-month high as investors focused on the positive in some mixed economic news.
US Markets
Stocks ended nearly flat on Monday as the latest deal news offset losses following discouraging data on the housing market and some signs of weakness in the services sector.
Investors' optimism, however, was limited by the day's data, among the latest to suggest that momentum in some sectors of the economy was slowing.
An index of pending home sales unexpectedly fell 1.1% in June, the National Association of Realtors said. The report followed an 8.1% drop of new home sales in June, the biggest slump in almost a year. The PHLX housing sector index declined 1.4%.
Investors also turned their focus to the Fed's meeting on Tuesday and Wednesday, when the U.S. central bank's officials could make some subtle changes to their policy statement about how and when they will eventually raise interest rates.
The Dow Jones industrial average rose 0.13%, to end at 16,983. The S&P 500 inched up just 0.03% to close at 1,979. The Nasdaq Composite, though, slipped 0.10%, to finish at 4,445.