The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking SGX Nifty and weak Asian markets. (Photo: PTI)
The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking SGX Nifty and weak Asian markets.
At 8.36 am (IST), SGX Nifty was down 15.50 points, or 0.19 per cent, at 8,061.50.
Asian stocks slid on Monday after soft Chinese factory surveys stoked global growth concerns, while the dollar edged back against the safe-haven yen as risk appetite waned. Hang Seng, Nikkei and Shanghai were down 0.41 per cent, 1.87 per cent and 0.27 per cent, respectively.
China’s factory activity fell for an eighth straight month in October, the Caixin purchasing manager’s index (PMI) showed, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.
Wall Street on Friday was hit by downbeat corporate earnings, which dragged down Nikkei futures trade on Monday morning before the cash market opened.
Coffee Day Enterprises Ltd will be listed on the both BSE and NSE today.
Back home, Sensex and Nifty fell for the fifth consecutive day on Friday as quarterly results from ITC and Larsen & Toubro disappointed investors and raised concerns about the health of the corporate sector. The sentiments were also affected after Moody’s projected that RBI will keep rates on hold for the remainder of 2015, with a small chance of another cut early next year. Sensex closed 181.31 points down at 26,656.83 while Nifty settled 45.95 points down at 8,065.80.
| Subscribe To Our Free Newsletter |
