Trading of CNX Nifty futures on the Singapore stock exchange indicates that the Nifty could fall 3.50 points at the opening bell.
Asian stocks rose on Tuesday as investors weighed data showing China's credit growth trailed estimates in February and awaited the conclusion of the Bank of Japan's policy meeting. Key benchmark indices in Indonesia, Hong Kong, Taiwan, Singapore and Japan were up 0.17% to 0.74%. Key benchmark indices in China and South Korea shed 0.01% to 0.02%.
The Reserve Bank of India next undertakes monetary policy review on 1 April 2014. Citing price pressures, the Reserve Bank of India raised its key lending rates by 25 basis points after Third Quarter Review of Monetary Policy for 2013-14 on 28 January 2014.
The CNX Nifty garnered 10.60 points or 0.16% to settle at 6,537.25, a record closing high. The index hit a high of 6,562.20 in intraday trade, a new record high for the index on intraday basis. The index hit a low of 6,487.35 in intraday trade.
Nifty futures traded on the Singapore Exchange are down 0.5 percent, while the MSCI-Asia Pacific excluding Japan index slumps 1.1 percent.
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