Stock market updates: Asia indices mixed; China cuts loan prime rate

Stock-specific action and global cues will be the key market movers today

• FIIs sell equities worth Rs 1,030.90 crore on Monday
• DIIs sell Rs 365.20-crore worth of equities on Monday
• Oil prices slip marginally in early trade

SGX Nifty is suggesting a lower opening for domestic indices for a second straight day on Tuesday. At 7:15 AM, the index was 45 points down at 18,829.

Stock-specific action and global cues will be the key market movers today.

In Asia, markets lacked firm direction owing to nil cues from Wall Street, which was shut on Monday on account of Juneteenth holiday. 

Mainland Chinese markets were mixed following the rate cut announcement wherein China's one-year and five-year loan prime rate have been slashed by 10 basis points. The Shanghai Composite was down 0.22 per cent, while the Shenzhen Component gained 0.24 per cent. 

In Australia, the S&P/ASX 200 climbed 0.32 per cent, while Japan's Nikkei, too, reversed losses to edge 0.17 per cent higher. South Korea's Kospi, too, was off lows and was now quoting just 0.05 per cent lower.