SGX Nifty signals negative opening

Image
Capital Market
Last Updated : Jun 07 2022 | 9:04 AM IST

SGX Nifty:

Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 61 points at the opening bell.

Global Markets:

The US Dow Jones index futures were up 108 points, indicating a mildly positive opening in the US stocks today.

Asian shares were trading higher on Monday. Market in South Korea is shut for a holiday.

China's Caixin Services Purchasing Managers' Index released Monday came in at 41.4, better than April's reading of 36.2 but still in contraction territory.

Also Read

US stocks slid Friday as investors digested a stronger-than-expected jobs report and its implication for monetary policy going forward. The Dow Jones Industrial Average fell 348.58 points, or 1.1%, to 32,899.70. The S&P 500 slipped 1.6% to 4,108.54. The technology-heavy Nasdaq Composite fell nearly 2.5% to 12,012.73.

American employers added 390,000 jobs last month, the government reported Friday. The jobless rate held steady at 3.6% for the third consecutive month.

In the commodities market, Brent crude for August 2022 settlement was up 87 cents or 0.73% at $120.59 a barrel. Oil prices jumped after Saudi Arabia raised prices sharply for its crude sales in July.

Domestic Equity Market:

The domestic equity benchmarks wiped intraday gains and ended with tiny losses on Friday. The market witnessed steep selling in the final hour of the trade. The barometer index, the S&P BSE Sensex, fell 48.88 points or 0.09% to 55,769.23. The Nifty 50 index slipped 43.70 points or 0.26% to 16,584.30.

Foreign portfolio investors (FPIs) sold shares worth Rs 3,770.51 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 2,360.51 crore in the Indian equity market on 3 June 2022, provisional data showed.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 06 2022 | 8:04 AM IST

Next Story