India stock market: 6 things that changed for market overnight - Gift Nifty to rising crude oil prices

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Catch Live Market Updates here Investors await the decision of Bank of Japan policy meeting wherein members are likely to debate whether economic conditions are falling into place for the bank to begin unwinding ultra-loose monetary settings. None of the economists polled by Reuters expect the central bank to end its negative interest rate policy on Tuesday with most projecting such an action to happen next year. Meanwhile, the domestic equity indices ended lower on Monday as investors seem to book profits after markets set a new high last week.

The Sensex declined 168.66 points, or 0.24%, to close at 71,315.09, while the Nifty 50 settled 38.00 points, or 0.18%, lower at 21,418.65. “We remain bullish on the market given the robust domestic economic data, healthy corporate earnings, and strong FII flows. However, given the recent strong rally, bouts of volatility can’t be ruled out.

Apart from the BoJ policy meet, European CPI data and China’s trade balance would be important events to track on Tuesday," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd. Also Read: Buy or sell: Vaishali Parekh recommends three stocks to buy today — December 19 Here are key global market cues for Sensex today: Asian markets traded mixed on Tuesday ahead of the Bank of Japan’s interest rate decision and its stance on yield curve control policy. MSCI's broadest index of Asia-Pacific shares outside Japan was flat and just below a four-month high.

Japan’s Nikkei 225 traded marginally higher, while the Topix fell 0.26%. South Korea’s Kospi eased and the Kosdaq gained 0.67%. Hong Kong’s Hang Seng index futures pointed to a weaker open.