Indian stock markets are likely to be volatile on Tuesday, with trends in SGX Nifty suggesting a positive opening for benchmark domestic indices. A late Wall Street rally led Asian stocks higher in early deals after tech shares and oil rose on easing covid-19 restrictions and prospects of an economic recovery, offsetting fresh concerns over China-US trade tensions.
Oil surged 5% as countries announced they would begin relaxing covid-19 lockdowns and as crude supply cuts took effect.
The shift in sentiment came too late for European stocks with the pan-European STOXX 600 ending 2.7% lower. There were also concerns about declines in manufacturing in Europe and the US.
