Japan's Nikkei dropped 0.90 per cent China's Shanghai declined 0.41 per cent Hong Kong's Hang Seng tanked 1.27 per cent South Korea's Kospi tumbled 2.66 per cent. The MSCI's broadest index of Asia-Pacific shares outside Japan was down 1.01 per cent. Nifty futures on the NSE International Exchange traded 20 points, or 0.10 per cent, lower at 19,460, hinting at a negative start for the domestic market on Tuesday.Īsian stocks snapped a three-day winning streak on Tuesday, as investors reined in enthusiasm about a possible peak in global interest rates. And further, if the price sustains above the high of this pattern, there is a high probability of it moving towards 44,000 during the current week,' she said. 'It's worth mentioning that the Nifty Bank has witnessed a strong lower price rejection pattern with the formation of 'Dragon Fly Doji' on the daily timeframe. VLA Ambala of Stock Market Today said that Nifty Bank could get support at 43,470 and 43,335 levels. On the lower end, support is situated at 19,300 points,' he said.

A decisive breakthrough above 19,450 points could potentially pave the way for a Nifty rally. 'It is anticipated that the trend will stay sideways in the near term. Rupak De, Senior Technical analyst at LKP Securities said Nifty rally has encountered resistance at the 21-DMA. Here's what you should know before the Opening Bell:

The day will also see the market debut of Honasa Consumer shares.

The IPO by ASK Automotive will open for subscription today. Asian stocks fell at open even as US stocks posted gains overnight. Domestic benchmark indices are set to open lower on Tuesday amid mixed global cues.

20 euro cents