Cool Seen Opening Below 16,500; Devyani International, ONGC In Focus

INSUBCONTINENT EXCLUSIVE:
The Indian equity criteria are set to open lower as suggested by the Clever futures traded on Singapore Exchange
Nifty futures on Singapore Exchange also called SGX Nifty futures fell 40 indicate 16,488 amidst weak cues from other Asian markets.Asian
markets slipped on Monday after a raft of Chinese data revealed a remarkably sharp slowdown in the engine of international development, just
as much of the world races to stem the spread of the Delta version of COVID-19 with vaccinations.There was added uncertainty about the
possible geopolitical implications of the abrupt collapse of the Afghan federal government and what it suggests for political stability in
the region.MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.2 per cent, pushing back toward the lows for the year
touched last month.Chinese blue chips were hanging onto gains of 0.3 per cent, in anticipation of a more aggressive policy easing from
Beijing.Nikkei fell 1.8 percent, though economic development topped projections for the June quarter.Global markets touched brand-new record
highs on Friday, increased by forecast-beating company results, however the US dollar and Treasury yields fell after data revealed US
customer self-confidence plummeted in early August.Back home, foreign institutional financiers (FIIs) purchased shares worth Rs 820 crore on
Friday while domestic institutional financiers shares worth Rs 149 crore.Devyani International will remain in focus as it will list its
shares on stock exchanges at 10:00 am today
The IPO was subscribed 117 times.ONGC will be on investors radar after its net profit in June quarter can be found in at Rs 4,334.75 crore
compared to Rs 6,733.97 crore in the previous quarter.Apollo Hospitals Enterprises will be on traders radar after the business reported
revenue of Rs 501 crore against loss of Rs 226 crore in the same quarter last year.