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Markets are likely to make a flat opening tracking mixed global cues. The early indicator, SGX Nifty was at 6,239 up 13 points at 0830 hrs.
Benchmark share indices closed near their day's lows yesterday because of heightened political tensions between Russia and Ukraine.
US stocks tumbled on Monday alongside other risky assets globally as tensions in Ukraine and Russia escalated after Russian President Vladimir Putin declared he had the right to invade his neighbor.
News that Ukraine mobilized for war on Sunday and Washington threatened to isolate Russia economically overshadowed better-than-expected U.S. data, including an index showing that factory activity rebounded from an eight-month low in February.
Asian shares were on the defensive on Tuesday as tensions over Ukraine showed no sign of abating, with Russia tightening its grip on Crimea while the West sought measures to deter Moscow.
Nikkei futures in Chicago pointed to a fall of about 0.4% in Tokyo shares following a 1.3% fall on Monday, while MSCI's broadest index of Asia-Pacific shares outside Japan sagged 0.1%.
As investors flocked to safe assets for fear of further escalation in geopolitical tensions, gold stood near a four-month high while the yield on US Treasuries yield dropped to a one-month low, reflecting higher prices for the bonds.
STOCKS TO WATCH
IDBI Bank plans to raise up to $300 million through Basel-III-compliant bonds by the end of March.
IOC has said it plans to acquire stakes in LNG terminals at Mundra and Dahej in Gujarat and Dighi in Maharashtra.
AstraZeneca Pharma India said it would delist from exchanges in the country, as asked by its Swedish promoter AstraZeneca Pharmaceuticals.
Oriental Bank of Commerce (OBC) today raised interest rates on fixed deposit of three maturities by up to 3.25%.
Sanofi has sued Glenmark over its generic drug filing on cardiac drug Multaq.
Tata Housing plans to invest Rs 1,200 crore by 2018 for setting up 13 such projects across the country.
