Indian shares are seen opening higher on Tuesday, as investors hunt for bargains and closely keep an eye on a crucial meeting of senior finance ministry officials with ratings agency Standard & Poor's today where government officials will defend India's fiscal deficit roadmap and explain their concerns over the ratings outlook. Investors also await industrial output due on Thursday and Infosys' results scheduled to be announced on Friday for clues to near-term market outlook.
Asian markets are rebounding, with key benchmark indexes in Japan, South Korea and Taiwan rising between 0.5 percent and 1.1 percent, as investors hunted for bargains after five successive days of losses. On Wall Street, stocks ended notably lower on Monday in the wake of last week's disappointing US jobs report. The Dow lost a percent, while the tech-heavy Nasdaq and the S&P 500 shed around 1.1 percent each.
Crude oil futures closed at a seven-week low on Monday, as weaker-than-expected U.S. jobs growth for March stoked demand concerns and talks between Iran and major powers set for later this week eased supply-disruption worries.
Back home, Indian shares tumbled on Monday, with benchmark indexes Sensex and the Nifty losing 1.5 percent and 1.7 percent respectively, as weak Asian cues on the heels of disappointing U.S. jobs data revived concerns about sluggish economic recovery in the world's largest economy.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.