Business

At 8:10 am, the Nifty futures were trading at 17,357, lower by 13 points, on Singapore Stock ExchangeThe domestic stock markets are likely to open marginally lower on the back of not-so-encouraging cues from the worldwide front.

Wall Street ended dramatically lower on Friday as investors weighed signs of greater inflation and Asian shares have made a guarded start to the week.

And patterns on SGX Nifty show a cautious opening for markets back house.

At 8:10 am, the Nifty futures were trading at 17,357, lower by 13 points, on the Singapore Stock Exchange.MSCI's broadest index of Asia-Pacific shares outside Japan relieved 0.1 per cent, after bouncing on Friday.

Japanese shares have actually been on a tear as hopes for fresh stimulus from a brand-new Prime Minister saw the Nikkei rise 4.3 per cent last week.

The Topix has actually currently scaled that peak, while the Nikkei turned reluctant early on Monday.Wall Street ended dramatically lower on Friday, with Apple Inc toppling following an undesirable court judgment related to its app store.

The Dow Jones fell 0.78 percent, while the S&P 500 lost 0.77 per cent and Nasdaq Composite dropped 0.87 per cent.Meanwhile, oil rates got on Monday to a one-week high in second straight session of gains as issues over US products following damage from Hurricane Ida supported the market, along with expectations for higher demand.Brent crude rose 48 cents, or 0.7 percent to $73.40 a barrel, and U.S.

West Texas Intermediate (WTI) crude also included 49 cents, or 0.7 percent, to $70.21 a barrel.

Both markets were at their highest because Sept.

3 earlier in the session.On Friday, the BSE Sensex climbed up 54.81 indicate 58,305.07 and NSE Nifty was up 15.80 points at 17,369.30.





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