The 50-share Nifty index is expected to open lower with a gap on Tuesday tracking selloff in other Asian markets, ahead of the Reserve Bank of India's (RBI) fourth bi-monthly monetary policy review which is scheduled for today. The index may retest its crucial psychological level of 7,700 tracking Asian markets which were trading lower amid worries about the health of China's economy, and its potential impact on the global economic growth.
At 08:00 A.M., Nifty India stock futures in Singapore were trading 114 points lower at 7,719 indicating a gap down opening on the domestic market.
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