LIVE MARKET: SGX Nifty hints at positive trade opening with 46-point gain

A positive opening is on the cards for the Indian equity markets. As of 7:28 am, SGX Nifty Futures were trading at 15,881 levels, hinting at a 46-point gain on the Nifty50.

On Tuesday, investors will watch key macro data – India’s services PMI activity in June, after it jumped to an 11-year high in May.

Also, among individual stocks, HDFC and HDFC Bank will come under focus after the Reserve Bank of India approves their proposed merger. In addition, Punjab National Bank (PNB) plans to raise Rs 2,000 crore through senior bonds at 8.7 percent.

That said, globally, US stock futures traded on a positive note as Dow futures rose more than 100 points. In addition, markets in the Asia-Pacific region also advanced on Tuesday, with the Nikkei 225 up 1.1 percent.

Meanwhile, crude oil prices simmered amid recession fears. Brent Crude rose 0.2% to $113 a barrel and WTI Crude jumped 1.8% to $110 a barrel.