Asian stocks muted before more rate cues; Indian elections in focus

Investing.com-- Most Asian stocks crept lower on Tuesday, cooling from recent gains as investors awaited more cues on interest rates this week, while Indian shares hovered around record highs on bets that the BJP won a third consecutive term in the 2024 general elections.

Regional stocks took middling cues from a mixed overnight close on Wall Street. While technology stocks rose tracking gains in NVIDIA Corporation (NASDAQ:U.S. stock futures were flat in Asian trade, with focus turning squarely towards upcoming labor data for more cues on interest rates.Exit polls over the weekend showed a sweeping victory for the NDA alliance, led by the BJP. This presented an unprecedented third consecutive term for Prime Minister Narendra Modi.

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