Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.
The Nifty50 is likely to open lower on Monday following muted trend seen in other Asian markets. The index closed 92 points higher at 10,693 on Friday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 126.5 points or 1.18 percent. Nifty futures were trading around 10,612-level on the Singaporean Exchange.
Wall Street’s main indexes fell more than 2 percent on Friday in a broad sell-off led by declines in big Internet and technology shares, and posted their largest weekly percentage drops since March as concerns over US-China trade tensions and interest rates convulsed Wall Street, said a Reuters report.
Stocks extended their slump in early Asian trade on Monday, with US equity futures off to a softer start for the week as worries over US-China trade tensions battered investor sentiment, it said.
Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.
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