Domestic equity market are expected to start the week poorly due to negative global cues. Asian peers were mostly lower on Monday, while US stocks ended the weekend flat. Inflationary pressures continue to plague global investors. Back home, investors will be looking for stock-specific action based on Q1 results. Here’s a breakdown of the pre-market activities:
THE MARKETS’ STATE
SGX The Nifty indicates a negative start.
The Nifty futures on the Singapore Exchange were 94 points, or 0.58 percent, lower at 16,133.5, indicating that Dalal Street was set to open lower on Monday.
Nifty50 rose for the third straight session on Friday, but formed a bearish candle on the daily chart that resembled a Hanging Man. The 50-pack index closed above the 16,200 level. Analysts believe the momentum will remain positive as long as the index remains above 16,170.
India VIX: The fear gauge fell more than 4% to 18.40 on Friday after closing at 19.21 on Thursday.
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