At 7:30 am, SGX Nifty futures were trading lower by 38 points on Singapore Stock ExchangeThe domestic stock markets are likely to open on a mindful note, publish the nearly 2 percent rally witnessed on Friday, going by soft worldwide cues.
Asian markets have had a quite opening and SGX Nifty futures are trading mildly in the negative.
At 7:30 am, the SGX Nifty futures were trading at 15,187, lower by 38 points, on the Singapore Stock Exchange.Asian shares got off to a mindful start on Monday as investors anxiously waited for a crucial continue reading United States inflation today for assistance on financial policy, while Bitcoin took a hammering after China cracked down on mining and trading of the cryptocurrency.MSCI's broadest index of Asia-Pacific shares outside Japan was hardly altered in slow trade.
Japan's Nikkei added 0.1 percent and South Korea was flat.US stocks ended mainly lower on Friday, weighed down by innovation and customer discretionary shares, while the dollar edged greater after stronger-than-expected United States production data.The Dow Jones increased 0.36 percent, whereas the S-P 500 lost 0.08 percent and Nasdaq Composite dropped 0.48 per cent.On the incomes front, Grasim Industries, India Cements, JK Paper and Mahanagar Gas will declare their Q4 numbers during the day.Meanwhile, oil rates rose on Monday as a storm formed in the Gulf of Mexico and Iran said a three-month nuclear tracking deal had expired.Brent crude oil futures for July increased 32 cents, or 0.5 per cent, to $66.76 a barrel and United States West Texas Intermediate for July was at $63.93 a barrel, up 35 cents, or 0.6 per cent.On Friday, the BSE Sensex had actually escalated by 975.62 points or 1.97 percent to 50,540.48 and Nifty had actually climbed 269.30 points or 1.81 percent to 15,175.30.