Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 31 points or 0.29 percent. Nifty futures were trading around 10,591-level on the Singaporean Exchange.
The Nifty50 is likely to open flat on Monday following muted trend seen in other Asian markets. The index closed 13 points lower at 10,585 on Friday.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 31 points or 0.29 percent. Nifty futures were trading around 10,591-level on the Singaporean Exchange.
Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was reported, said a Reuters report.
Asian shares fell on Monday, extending weakness in global equity markets at the end of last week as soft Chinese economic data and falling oil prices rekindled anxiety about the outlook for world growth, it said.
As many as 371 companies will report their results for the quarter ended September later today which include names like Bank of India, Eicher Motors, Jain Irrigations, NMDC, Oil India, UCO Bank, Union Bank of India, and Usha Martin among others.
Stocks in news:
Titan’s profit misses estimates, margin shrinks. Titan Company Ltd. reported its lowest quarterly profit growth in over two years. The Net profit rose 3 percent in the July-September quarter to Rs 314.4 crore compared with the year-ago period.
BGR Energy Systems reported an over five-fold jump in its net profit at Rs 6.19 crore in the quarter to September 2018.
Tata Motors-owned Jaguar Land Rover reported 4.6 percent decline in total retail sales at 44,282 units in October.
NHPC: The Board will consider share buyback proposal next week
Jet Airways: Vikram Singh Mehta has resigned as an independent director
Syndicate Bank: The lender raised MCLR by up to 0.15 percent.
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