Markets Live: SGX Nifty Indicates A Flat Start; Bajaj Finance, D-Mart, Sobha, Bharat Forge In Focus

Good Morning!

Indian equities ended Monday's session on a weak note, despite recovering from the day's low. Rising coronavirus cases kept sentiment in check. The country reported over 1 lakh new infections for the first time since the onset of the pandemic.

Selling pressure was seen across the board with financials leading the laggards. Only IT and metal stocks managed to buck the trend. Foreign investors sold shares worth close to Rs 1,000 crore on Monday.

Futures are pointing to a subdued start for Tuesday's trading session. The Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was little changed at 14,708, as of 8:00 a.m.

Stocks like Bajaj Finance, Sobha, JSPL, RBL Bank, among others, will be in focus on account of their quarterly business updates released after market hours on Monday.

Asian equities are mixed this morning, despite their peers in the U.S. hitting a record high overnight. Benchmark indices in Japan and China dipped, while those in Australia outperformed. Hong Kong markets remain shut on account of a holiday.

• Futures on the Dow Jones are trading 70 points lower. The index ended with gains of 1.1% on Monday.

• Yield on the 10-year treasuries stood at 1.68%.

• West Texas Intermediate crude rose 1.2% to $59.37 per barrel after a 4.6% drop on Monday.