Indian shares may open slightly lower on Tuesday as Infosys reports its second-quarter earnings later in the day. Besides, several prominent companies such as ABB India, Ambuja Cements, Asian Paints, HDFC Bank, ICICI Prudential Life Insurance and Zee Entertainment are slated to unveil their quarterly results later today.
Benchmark indexes Sensex and the Nifty rose less than half a percent on Monday, with telecom stocks as well as heavyweight Reliance Industries leading the surge after Jio raised effective prices of most 4G tariff plans. The rupee closed marginally higher at 65.02 per dollar.
Asian stocks are trading mixed this morning and the Japanese yen hovered near three-month lows while oil held flat amid moves by Iraq to mitigate the supply disruptions brought on by the Kurdish conflict. Investors await Thursday's ECB meeting as well as U.S. GDP data due on Friday for directional cues.
U.S. stocks retreated from record highs overnight as technology and industrial shares succumbed to selling pressure. The Dow slid 0.2 percent and the S&P 500 shed 0.4 percent to snap a six-day winning streak while the Nasdaq Composite lost 0.6 percent.
European markets ended Monday's session slightly higher as investors shrugged off renewed concerns over the standoff between Spain and Catalonia.
The pan-European Stoxx Europe 600 index gained 0.2 percent. The German DAX inched up 0.1 percent, France's CAC 40 index rose 0.3 percent and the U.K.'s FTSE 100 finished marginally higher.
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Market Analysis
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.