(Reuters) - Indian shares are tipped to open slightly higher on Tuesday, after having fallen over 4% in the past four sessions, even as global markets remained jittery on economic growth concerns.
India's NSE stock futures listed on the Singapore exchange were up 0.3% as of 0145 GMT, while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.2%.
On Monday, the NSE Nifty 50 index fell 1.8% to 17,016.30, while the S&P BSE Sensex dropped 1.6% to 57,145.22.
The Nifty's volatility index, which indicates traders' expectations about market instability over the next 30 days, hit its highest since mid-June on Monday.
Foreign institutional investors sold net 51.01 billion Indian rupees ($625.1 million) worth Indian equities on Monday as per provisional data available with the National Stock Exchange.
Stocks to watch:
** India's Oil and Natural Gas Corp has got a better price for oil under new rules that allow producers marketing freedom, industry sources said.
** Amara Raja Batteries on Monday announced backward integration of its business.
** Jubilant Foodworks acquired 29.42% stake in Roadcast Tech Solutions.
** Mahindra Logistics will sell its enterprise mobility business to its unit for 361.2 million rupees and buy Rivigo's B2b Express business for 2.25 billion rupees.
** UCO Bank plans rupee trade with Russia, Bloomberg News reported on Monday.
** Punit Commercials will consider issue of bonus shares.
** Likhitha Infrastructure approved sub-division of shares in ratio 1:2.
** Archies reported minor fire in corporate office at Naraina industrial area.
** India's Dev Information Technology bagged order worth 49.7 million rupees.
** Raghuvir Synthetics said production has commenced from Sept. 26 at its factory.
** Shree Ajit Pulp And Paper will consider issue of shares on rights basis.