Sensex, Nifty likely to open in red on weak Asian cues, Paris attack

The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking SGX Nifty and weak Asian markets. (Express photo)

The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking SGX Nifty and weak Asian markets.

At 8.24 am (IST), SGX Nifty was down 30 points, or 0.39 per cent, at 7,730

Asian stocks fell to six-week lows on Monday and emerging market currencies wilted as investors sought the safety of the greenback in the wake of Friday’s deadly attacks in Paris and downbeat economic data.

Hang Seng, Nikkei and Shanghai were down 1.49 per cent, 0.97 per cent and 0.34 per cent, respectively.

Before the assault unfolded, Wall Street marked its worst week since August, with major US indices all shedding more than 1 per cent after a spate of mixed economic data.

Back home, the benchmark BSE Sensex on Friday declined by 256.42 points to a two-month low of 25,610.53 on bearish macroeconomic data even as muted global cues continued to rile domestic investors. This was the sixth fall in last seven sessions.

Nifty 50 index lost 62.75 points, or 0.80 per cent, at 7,762.25 on Friday.