The BSE Sensex and NSE Nifty are likely to open in red tracking SGX Nifty and mixed Asian markets. (PTI)
The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking SGX Nifty and mixed Asian markets.
At 8.20 am (IST), Nikkei and Hang Seng were down 0.36 per cent and 0.47 per cent at 17,727.90 and 20,742.90 while Shanghai Composite Index was up 0.20 per cent at 3,164.86.
Asian stocks weakened on Monday, taking early cues from Wall Street’s slide after the August jobs report failed to give a clear view on the Federal Reserve’s interest rate hike, while participants also nervously awaited the restart of Chinese financial markets following the long weekend. Dow Jones Industrial Average slid 1.66 per cent on Friday.
China major stock indices rose in early trading on Monday following remarks by regulators to calm the market. The China Securities Regulatory Commission said in a post on its official microblog late on Sunday that markets were more stable and risks associated with high levels of leverage have eased following a period of high volatility.
Back home, the BSE Sensex and NSE Nifty lost 562.88 points and 167.95 points at 25,201.90 and 7655.05, respectively, on Friday.
(With inputs from agencies)
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