Top stock tips by Shrikant Chouhan, Mitessh Thakkar: Indian Hotels, Hindalco and more

Indian shares are likely to start Tuesday's session on a negative note amid weakness across most other global markets. At 8:50 am, Nifty futures trading on Singapore Exchange -- an early indicator of the Nifty50 index -- were down 97.5 points or 0.6 percent at 17,348.5.

Equities in other Asian markets largely declined following a jump in US Treasury yields as Federal Reserve Chairman Jerome Powell’s renomination to head the Federal Reserve fueled bets on quicker policy tightening. MSCI's broadest index of Asia Pacific shares outside Japan was down 0.7 percent. China's Shanghai Composite was up 0.2 percent.

Hong Kong's Hang Seng was down 0.9 percent, South Korea's KOSPI down 0.5 percent and Singapore's Straits Times down 0.1 percent. S&P 500 futures were flat in early Asian trade.

Overnight on Wall Street, the three main indices ended on a mixed note with the technology stocks-heavy Nasdaq Composite gauge dropping 1.3 percent. The S&P 500 fell 0.3 percent and the Dow Jones managed to eke out a gain of almost 0.1 percent.