Nifty Likely to Open Negative-to-Flat on Monday; SGX Nifty Futures Slides Slightly

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Nifty Likely to Open Negative-to-Flat on Monday; SGX Nifty Futures Slides Slightly
Credit: © Reuters.

By Malvika Gurung

Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was found trading 0.21% lower at 8:13 am on Monday, tracking mixed cues across the global markets and indicating Dalal Street to open on a negative-to-muted note. At the same time, the Dow Jones Futures was down 0.2%.

The three major indices of Wall Street ended a choppy session on a mixed note on Friday, with Dow Jones closing lower, dragged by poor quarterly (Q4) results from financial stocks. 

Industry bellwether JPMorgan Chase (NYSE: JPM ) plummeted over 6% on Friday, after posting its smallest quarterly earnings beat in almost 2 years, while warning of rapidly rising inflation, surging Omicron cases and trading revenues.

The tech-heavy Nasdaq Composite climbed 0.59%, S&P 500 0.08%, while Dow Jones slid 0.56% on Friday.

Stocks across the Asian markets opened the week on a cautious note, amid mixed sentiments from Wall Street’s performance on Friday, and a series of Chinese economic data. 

China is expected to show a further slowdown in retail sales and industrial output data for December, due on Monday, while a policy meeting at the Bank of Japan (T: 8301 ) this week will be closely watched.

At 8:10 am on Monday, MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.6%, and South Korea's KOSPI tumbled 1.26%, while Japan’s Nikkei 225 gained 0.6%. 

At the same time, Hong Kong’s Hang Seng Index dropped 0.77%, and China's Shanghai Composite was up 0.2%.

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  • vinay nair @vinay nair
    Appreciate your reportage about the correct facts on the ground. You can't change the market behaviour anyway...
    Like 1
  • Deep Sandhu @Deep Sandhu
    in this weak market up ya down pls suggest
    Like 0
  • Deep Sandhu @Deep Sandhu
    in this weak market up ya down pls suggest
    Like 0
  • Amit Yadav @Amit Yadav
    Always writing bogus n useless articles
    Like 10
    • AR Senthil @AR Senthil
      Absolutely true bro they are cheating innocent traders in the name article's
      Like 3
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