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Markets likely to open on a muted note

Indian equity markets may open flat to negative on Tuesday. The subdued trend in the SGX Nifty, which was trading with marginal losses of 7 points at 9,350, indicated that domestic bourses may see a muted opening.
Nifty50 ended the session on Friday just above the 9,300 level. Now, going forward, Nifty50 has crucial support placed around the level of 9,250 and a hold below 9,250 level could attract a decline towards the level of 9,200 while, on the upside, Nifty50 has immediate resistance around the level of 9,345 and the next resistance around the 9,370 level.
Maruti Suzuki India, leader in passenger vehicles, sold a total of 151,215 units in April 2017. This includes 144,492 units in domestic market and 6,723 units of exports. The company had sold a total of 126,569 units in April, 2016.
Tata Motors passenger and commercial vehicle total sales (including exports) reported a 21% fall in April 2017 to 30,972 units as compared to 39,389 units sold in the same month last year.
Back home, Indian market extended the losses for the second successive session on Friday on the opening day of May series as investors preferred to book profit ahead of a long weekend.
The tech-heavy Nasdaq Composite closed at a record on Monday led by shares of Apple which scaled to a new high; the Nasdaq Composite climbed 44 points to 6,092, while the Dow Jones slipped 27 points to finish at 20,913. The S&P 500 index closed up 4 points at 2,388.
Most of the Asian markets are trading in the green on Tuesday. Japan’s Nikkei 225 surged 121 points as yen weakened for the fourth day. Markets in China and Hong Kong reopened after a holiday. Hong Kong’s Hang Seng is trading with gains of 77 points, while China’s Shanghai Composite is trading lower by 12 points.