On the global front, Asian stocks were largely tepid in the early trade on Tuesday. Mainland Chinese stocks declined, with the Shanghai composite slipping 0.43 per cent and Shenzhen component falling 0.51 per cent. The Shenzhen composite also fell 0.634 per cent, reported CNBC.
In the commodity market, oil prices were steady on Tuesday, supported by worries over conflict between Iran and the United States while gold hit near six-week highs. Additionally, expectations of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar in the early trade, Reuters reported.