At 7:30 am, the Nifty futures were trading lower by 0.87 percent on Singapore Stock ExchangeThe domestic stock exchange are most likely to open in the red on the back of negative global cues.
Asian shares struggled to rally on Monday and SGX Nifty is trading in the red.
Patterns on SGX Nifty indicate an unfavorable opening for the Nifty, with a 95-point loss.
At 7:30 am, the Nifty futures were trading at 15,759, lower by 95 points or 0.87 per cent, on the Singapore Stock Exchange.Asian shares had a hard time to rally on Monday as super-strong US corporate incomes sucked funds out of emerging markets and into Wall Street, where records were falling practically daily.Japan's Nikkei bounced 1.6 per cent in early trade, however that was off a seven-month low.
South Korea has fared somewhat much better thanks to demand for tech stocks, however was little changed on Monday.Stocks rallied to records on Wall Street Friday, and the Dow Jones closed above the 35,000 level for the very first time, as the market continued to roar back from its temporary swoon at the start of the week.
The S-P 500 index climbed 44.31, or 1 percent to 4,411.79 to top its prior all-time high, set early recently.
The Dow rose 238.20 pouints, or 0.7 percent, to 35,061.55, and the Nasdaq composite acquired 152.39, or 1 percent, to 14,836.99.
Meanwhile, oil prices were little changed on Monday as investors balanced issues about fuel demand from the spread of COVID-19 variants and floods in China versus expectations of tight products through the remainder of the year.Brent crude futures for September fell 3 cents to $74.07 a barrel and U.S Texas Intermediate crude was at $71.99 a barrel, down 8 cents.On the revenues front, Axis Bank, Kotak Mahindra Bank, Larsen - Toubro, Tata Motors, SBI Life Insurance Business and Vedanta will be among the significant companies to declare their Q1 numbers during the day.On Friday, the BSE Sensex rose 138.59 points to 52,975.80 and Nifty got 32 indicate close at 15,856.