Sensex, Nifty Likely To Open Lower Today

Written by Taasir

Taasir English News Network | Uploaded on 30-Dec-2019

Domestic stock markets are likely to start Monday’s session on a lacklustre note as Asian peers receded from 18-month highs. The Singapore Exchange (SGX) Nifty futures – an early indicator of the National Stock Exchange (NSE) Nifty index in India – declined as much as 29 points to 12,312.00 ahead of the opening of Indian markets. At 8:32 am, the SGX Nifty futures were down 9.00 points at 12,332.00.

Equities in other Asian markets fell as investors consolidated gains after scaling 18-month highs last week. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.09 per cent, after touching its highest level since June 19, 2018 on Friday, lifted by investor hopes that a US-China trade deal would be signed soon. Japan’s Nikkei stock index slid 0.51 per cent.

On Friday, the S&P BSE Sensex index had ended 411.38 points – or 1.00 per cent – higher at 41,575.14 and the broader NSE Nifty benchmark settled at 12,245.80, up 119.25 points – or 0.98 per cent – from the previous close.

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