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Sensex, Nifty Seen Opening A Tad Lower

Indian shares look set to open lower on Tuesday as investors keep a wary eye on geopolitical tensions and oil price movements.

June WTI oil rose slightly in Asian trade after settling at $66.22 a barrel on the New York Mercantile Exchange Monday, down $1.17 or 1.7 percent on receding concerns about tensions in the Middle East.

There is also some respite on the monsoon front as the India Meteorological Department (IMD) forecast that the country will receive normal monsoon for a third consecutive year.

Benchmark indexes Sensex and the Nifty rose modestly on Monday to extend gains for an eighth straight session while the rupee plunged by 29 paise to close at a six-month low of 65.49 per dollar on data showing widening trade deficit in March.

Asian stock markets are fluctuating even as data showed China's GDP growth held steady at 6.8 percent in the quarter ending in March.

Traders also kept an eye on the Hong Kong dollar as the Hong Kong Monetary Authority stepped in to support the local currency for a sixth time in less than a week.

Overnight, U.S. stocks closed notably higher as Syria fears eased, Bank of America reported strong quarterly earnings and data showed U.S. retail sales advanced for the first time in three months in March.

The Dow Jones Industrial Average climbed 0.9 percent, the tech-heavy Nasdaq Composite rose 0.7 percent and the S&P 500 added 0.8 percent.

European markets ended mostly lower on Monday as traders remained concerned about how Syrian ally Russia will respond to Western missile strikes.

The pan-European Stoxx Europe 600 index eased 0.4 percent. The German DAX dropped 0.4 percent and the U.K.'s FTSE 100 slid 0.9 percent while France's CAC 40 index closed little changed with a positive bias.

"We are considering additional sanctions on Russia and a decision will be made in the near future," said White House Press Secretary Sarah Sanders in a statement.

Russian Deputy Foreign Minister Sergei Ryabkov has said Moscow will not delay its response to new U.S. sanctions.

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