Taking positive cues from SGX Nifty, local markets may log gains in early trades Tuesday amid mixed Asian markets trend. In the past few sessions, any intraday strength is driven by only a few companies across a narrow set of sectors. If Nifty bulls are unable to seize control then there is a bright chance that there will be an element of panic at Dalal Street. Any upward march could be thwarted in the near term as recession concerns are back, a hawkish surprise from Powell, Russian mutiny, mounting Chinese growth fears, and a delayed monsoon. On the global front, all eyes will be on the Bank Stress Test result to be released by the Federal Reserve on Wednesday, which could reveal the severity of tightening in financial conditions after the US banking crisis.