INSUBCONTINENT EXCLUSIVE:
At 7:30 m, the Nifty futures were trading higher by 0.3 per cent on Singapore Stock Exchange.The domestic stock markets are likely to open
in the green, post the 2 per cent fall witnessed in the previous session, going by early indications from SGX Nifty trading
Trends on SGX Nifty indicate a positive opening for the index in India, with a 35 points gain
At 7:30 m, the Nifty futures were trading at 11,279, higher by 35 points or 0.3 per cent on the Singapore Stock Exchange.Asian shares opened
weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit
funds hurt global banking stocks.In Asia-Pacific, Australia's S-P/ASX 200 declined 0.5 per cent and South Korea's Kospi fell 0.9 per cent
Japan is closed for a public holiday
Hong Kong's Hang Seng index futures were down 0.36 per cent.Wall Street's main indexes tumbled on Monday as concerns about new lockdowns in
Europe and possible delays in fresh stimulus from Congress raised fears the U.S
economy faces a longer road to recovery than previously hoped for.The Dow Jones fell 2 per cent, S-P 500 lost 1.28 per cent and Nasdaq
Composite dropped 0.22 per cent.On the IPO front, retail broking house Angel Broking will open its maiden public issue for
subscription.Meanwhile, oil prices plunged about 5 per cent on Monday, weakening as rising coronavirus cases stoked worries about global
demand, and a potential return of Libyan production bolstered oversupply fears.Brent crude settled down $1.71, or 3.96 per cent at $41.44 a
crude fell $1.80, or 4.38 per cent to $39.31 a barrel
Both contracts were set for their biggest daily drops in two weeks.On Monday, the benchmark indices had shaved off more than 2 per cent as
traders worried about renewed rise in coronavirus cases and possibility of fresh lockdowns in many countries, including Europe
The Sensex fell 811.68 points, or 2.09 per cent, to 38,034.14, while the Nifty plunged 254.50 points, or 2.21 per cent, to 11,250.50.
