At 7:30 am, the Nifty futures were trading lower by 0.37 per cent on Singapore Stock ExchangeThe stock exchange are most likely to open in the red, post the almost one percent gains seen on Friday, going by early indicators from SGX Nifty futures trading.
Early patterns on SGX futures indicate a negative opening for the index in India.
At 7:30 am, the Nifty futures were trading at 15,444, lower by 44 points or 0.37 per cent on the Singapore Stock Exchange.Asian shares edged higher on Monday, looking to extend their current rally to a 3rd week ought to United States tasks figures show the expected revival in employing in May and keep the worldwide healing on track.MSCI's broadest index of Asia-Pacific shares outside Japan was a portion firmer, having rallied 2.2 percent recently.
Japan's Nikkei was flat, while Australia increased 0.2 per cent to a fresh all-time peak.US stocks climbed on Friday as financiers brushed off a stronger-than-expected inflation reading, as both the Dow and S-P 500 indexes clinched their first weekly gain in the past 3 weeks.The Dow Jones rose 0.19 percent, S-P 500 got 0.08 percent and Nasdaq Composite included 0.09 per cent.On the economic front, the federal government will launch the provisionary full-year GDP data post market hours.And on the earnings front, Aurobindo Pharma, Narayana Hrudalaya, Kolte Patil Developers and Chemcon Speciality Chemicals will declare their March quarter results during the day.On Friday, the BSE Sensex climbed up 307.66 points to close at 51,422.88 and Nifty rose 97.80 points to 15,435.70.