The Indian market is likely to see a tepid opening today on unsupportive global cues. Markets in the US ended lower on renewed concerns over the European debt issues, threatening to derail the economic recovery. The declined was also weighed down by the strengthening dollar against other key currencies. Asian markets were mostly in the red this morning on global concerns and a rise in the dollar. The SGX Nifty was up 16.50 points at 6,317 against its previous close of 6,300.50.

The domestic market opened in the green on Monday riding on last week's festive euphoria. However, investors took the opportunity to book profits at higher levels, dragging the key indices into the red in morning trade. The market fell to the day's lows in the afternoon session and traded in a narrow range after making a feeble recovery attempt. It ended marginally above the low point of the day but below the levels seen late last week. The Sensex closed 152.58 points (0.73%) lower at 20,852, below its new all-time closing high of 21,005 on Friday while the Nifty settled at 6,273, down 39.25 points (0.62%), below its all-time closing high of 6,312 achieved on Friday.

Wall Street closed lower overnight after splendid gains seen last week. Renewed concerns over debt issues troubling European nations and a rise in the dollar were seen as the mains reasons for the decline. Analysts opine that the Group of Twenty (G20) meeting, to be held in South Korea on Thursday and Friday, will be the next driver in moving the dollar.

The Dow slipped 37.24 points (0.33%) at 11,407. The S&P 500 shed 2.60 points (0.21%) at 1,223. The Nasdaq inched 1.07 points (0.04%) higher at 2,580.

Markets in Asia were mostly lower in early trade on Tuesday tracking the weak US markets that were weighed down by fresh worries about the debt crisis in Ireland, Portugal and Spain.

The Shanghai Composite was down 0.43%, the Hang Seng tanked 0.75%, Nikkei 225 declined 0.41%, Straits Times shed 0.27%, Seoul Composite was down 0.13% and Taiwan Weighted lost 0.06%. Bucking the trend, the KLSE Composite gained 0.10% in early trade.

The MCX Stock Exchange (MCX-SX) on Monday said it has filed a writ petition in the Bombay High Court challenging market regulator the Securities and Exchange Board of India's (SEBI) order rejecting the bourse's plea to be allowed to function as a full-fledged stock exchange.

The petition was filed on 29^th October in relation to the SEBI order of 23^rd September, where the regulator rejected MCX's application made by MCX-SX for approval to commencement of its equity, F&O, WDM and other segments and products, the exchange said in a statement.

The petition of MCX-SX is expected to be taken up for admission after court vacation