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Sensex, Nifty Likely To Have A Gap-Down Opening

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At 7:30 am, the Nifty futures were trading weaker by 0.1.7 percent on Singapore Stock ExchangeThe domestic stock markets are likely to open in the red on the back of unfavorable global cues.

Patterns on SGX Nifty show a gap-down opening for the index in India, with a 205-points loss.

At 7:30 am, the Nifty futures were trading at 14,783, weaker by 205 points or 0.1.7 percent on the Singapore Stock Exchange.Asian markets are trading lower following a sell-off in tech stocks that weighed down major U.S.

indexes overnight.

Japan's Nikkei 225 led decreases in early trade, shedding around 2.2 percent and Topix moved 1.7 percent lower.

South Korea's Kospi fell around 1.4 per cent.Overnight, the Dow Jones struck a record high on hopes that rate of interest would remain lower for longer, while the S-P 500 was controlled as a slide in innovation shares offset a surge in commodity-linked energy and product stocks.The Dow Jones was up 0.86 per cent, while the S-P 500 was down 0.01 per cent and Nasdaq Composite was down 1.50 per cent.Meanwhile, oil rates settled higher on Monday after a major U.S.

fuel pipeline stated it might mainly restart within the week after a cyber-attack forced its shutdown.Brent crude settled up 4 cents, or 0.1 per cent, at $68.32 a barrel.

U.S.

West Texas Intermediate (WTI) crude settled up 2 cents, or 0.03 percent at $64.92.

Both standards rose more than 1 percent last week, their second consecutive weekly gain.On the incomes front, Siemens, BASF India and Godrej Customer Products will declare their revenues throughout the day.On Monday, the BSE Sensex got 295.94 indicate close at 49,502.41 and the Nifty increased 119.20 indicate 14,942.40 to acquire for the fourth day in a row.




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