Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could rise 18 points at the opening bell.

Overseas, most Asian stocks were trading lower as investors are waiting to see if anything will come of US-China trade talks later this week.

In US, most major stock benchmarks finished lower on Monday, though the Dow managed a slight gain, on selling in the energy sector after President Donald Trump announced hard-hitting Iranian sanctions.

On Monday, U.S.-Iranian tensions escalated, as Trump signed an executive order targeting financial sanctions against Iran's leaders, including its Supreme Leader Ayatollah Ali Khamenei.

Meanwhile, US President Donald Trump and Chinese President Xi Jinping Xi are set to meet later this week at a Group of 20 summit in Osaka, Japan, with investors looking for signs the leaders can work out a truce in a trade war that has raised concerns about global economic growth and corporate earnings.

Back home, the domestic equity market declined on Monday as concerns of higher crude oil prices and a deficient monsoon in India dampened investors' sentiment. The key barometer, the S&P BSE Sensex, fell 71.53 points or 0.18% to 39,122.96. The Nifty 50 index fell 24.45 points or 0.21% to 11,699.65.

The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 207.33 crore yesterday, 24 June 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 984.43 crore yesterday, 24 June 2019, as per provisional data.