Sensex, Nifty likely to open in red tracking weak global cues

The BSE Sensex and NSE Nifty likely to open in red tracking SGX Nifty and weak global cues. (PTI)

The BSE Sensex and NSE Nifty likely to open in red on Monday tracking SGX Nifty and weak global cues.

Asian shares followed Wall Street that ended lower on Friday after the Federal Reserve’s decision to keep interest rates at record lows raised fresh concerns about growth globally.

At 8.31 am (IST), Hang Seng and Nikkei were down 1.44 per cent and 1.96 per cent at 21,604.15, 18,070.21 while Shanghai was up 0.28 per cent at 3,106.74.

Dow Jones Industrial Average index slid 1.74 per cent to close at 16384.58 on Friday.

Meanwhile, France’s finance minister reaffirmed the country’s commitment to economic reforms on Friday after ratings agency Moody’s cut French bond ratings by a notch to Aa2, citing continued weakness in the country’s medium-term growth outlook.

Back home, domestic equity markets gained around 1 per cent on Friday.