MARKET LIVE: SGX Nifty hints tepid start amid weak global cues, down 40pts- QHN


are likely to start Monday’s trade on a tepid note amid weak global cues and sluggish foreign inflows. At 8:15 am, the SGX

quoted at 18,261 levels, down 41-odd points.

This morning, the US equity futures were tepid ahead of retail earnings due in this holiday-truncated week. Dow Jones futures and NASDAQ futures dropped up to 0.3 per cent.

Asia-Pacific markets, too, inched lower as Hang Seng, Nikkei 225, the S&P 200, Kospi, and Shanghai Composite indices fell up to 2 per cent.

On the commodities front, prices of Brent Crude slipped below $90 per barrel after demand in China weakened and investors feared rising interest rates. WTI Crude, meanwhile, hovered around $80 per barrel.

Among individual stocks, shares of NMDC will be closely tracked as it plans to spend nearly Rs 900 crore over three years from its Karnataka plant.

Besides, shares of Zomato will be in focus after the company plans to lay off nearly 3 per cent of its workforce across the organisation.

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