India, June 30 -- Following the rally seen over the course of the previous session, stocks may give back ground in early trading on Tuesday. The major index futures are currently pointing to a slightly lower open for the markets, with the S&P 500 futures down by 0.1 percent.

Profit taking may contribute to initial weakness on Wall Street after the strong upward move seen on Monday, which lifted the Dow to a new record closing high.

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