By Malvika Gurung
Investing.com -- The Nifty 50 Futures listed on the Singapore-based Exchange SGX, an early indicator for Nifty50 , was trading 0.1% or 15.7 points lower at 8:43 am on Monday, indicating a muted opening on Dalal Street.
Major indices on Wall Street ended a volatile week on a mixed note on Friday, after the tech-heavy Tesla tumbled over 6%, along with other growth stocks.
Indices Nasdaq Composite and S&P 500 continued falling for the 7th straight week, logging their longest losing run since 2001. Down Jones, on the other hand, declined for the 8th consecutive week, its longest since 1932.
Stocks across Asian markets traded mixed on Monday, amid persisting inflation worries and looming fears of rising interest rates worsening the global economic outlook and constantly weighing on investors' sentiments.
Further, oil prices climbed on Monday, led by factors including fuel demand in the US market, a slightly weakening US dollar and tight supply supporting the market, and as Shanghai prepares to reopen after a Covid-19 lockdown of two months.
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