Business

Sensex, Nifty Likely To Have A Cautious Opening

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At 7:30 am, the Nifty futures were trading greater by 0.15 per cent on Singapore Stock ExchangeThe domestic stock exchange are most likely to open mildly in the green, extending the gains witnessed in Friday's session.

Patterns on SGX Nifty show a favorable opening for the Nifty in India, with a 25-point gain.

At 7:30 am, the Nifty futures were trading at 15,896, higher by 25 points or 0.15 per cent, on the Singapore Stock Exchange.Asian shares got the week off to a cautious start on Monday as a spike in coronavirus cases throughout Asia over the weekend injured financier sentiment while oil hovered around 2-1/2 year highs.MSCI's broadest index of Asia-Pacific shares outside Japan was last a shade weaker at 703.17, still near a two-week high of 705.35 made on June 16.

Australian shares slipped 0.3 per cent, while South Korea's KOSPI index was somewhat higher.

Japan's Nikkei was 0.1 percent weaker.The S-P 500 ended the week at record high on Friday, raised by Nike and several banks, while weaker-than-expected inflation data reduced stress over an unexpected tapering in stimulus by the Federal Reserve.The Dow Jones rose 0.69 percent to end at 34,433.84 points, while the S-P 500 got 0.33 per cent to 4,280.69.

The Nasdaq Composite dropped 0.06 percent to 14,360.39.

On the revenues front, NALCO, Aarvee Denims, Bartronics India and Eros International Media will declare their March quarter numbers throughout the day.On Friday, the BSE Sensex had climbed 226.04 indicate 52,925.04 and the Nifty got 69.90 points to 15,860.40.




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