NIFTY likely to open lower amid negative global market

Indian market expected to open marginally lower as indicated by the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index on Tuesday. The Indian benchmark index Nifty set to join global selloff as reshuffling of funds before the long-term capital gains tax which comes into effect on April 1 could also weigh on the domestic market.

In the global front, Asian market trading lower taking cues from the overnight U.S. market which closed broadly lower on Monday. The Global markets are under heavy selling pressure ahead of a two-day Federal Reserve policy meeting.