Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 60 points or 0.57 percent. Nifty futures were trading around 10,443-level on the Singaporean Exchange.
The Nifty50 is expected to open lower on Monday tracking muted trend seen in other Asian markets. The Nifty50 closed 21.95 points higher on Friday to close at 10,480.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 60 points or 0.57 percent. Nifty futures were trading around 10,443-level on the Singapore Stock Exchange.
Financial stocks led a drop on Wall Street on Friday as results from big banks failed to enthuse and fear of broader conflict in Syria further unnerved investors.
The Dow Jones Industrial Average fell 122.91 points, or 0.5 percent, to 24,360.14, the S&P 500 lost 7.69 points, or 0.29 percent, to 2,656.3 and the Nasdaq Composite dropped 33.60 points, or 0.47 percent, to 7,106.65, Reuters reported.
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Share markets started firmer in Asia on Monday amid relief U.S.-led strikes on Syria looked like being a one-off event that avoided a direct confrontation with Russia, weighing on oil prices and safe-haven Treasuries. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent. Japan's Nikkei added 0.3 percent, Reuters reported.
Stocks in news:
Infosys which reported over 28% QoQ fall will be on investors’ radar. The IT major Q4 results met the Street's estimates, but its outlook for FY19 has unsettled investors.
Most brokerage firms remain mixed on the outlook but see Infosys climbing 1300 levels in next 12 months
Aurobindo Pharma: Company gets US FDA nod for allergy drug, Loratadine Tablet (10 mg)
Strides Shasun: Company gets US FDA nod for Cyproheptadine Hydrochloride tablets
ICICI Bank: The BSE has sought clarification from the bank on a probe by SEBI with regard to corporate governance issues.
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