Equity indices likely to open lower amid weak global cues

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Equity indices likely to open lower amid weak global cues

Share Market Updates Today: Indian equity benchmarks are expected to open on a lower note today amid weak global cues. Asian markets were mostly down in early deals, as South Korea's Kospi fell 0.47 per cent, China's Shanghai Composite moved 0.40 per cent and Hong Kong's Hang Seng index fell 1.13 per cent. Japan's Nikkei edged 0.13 per cent higher. The US stock market settled on a lower note overnight. All three major US stock indexes plunged sharply. Foreign institutional investors sold net of 1,139 back home. On Monday, there were 07 crore equities, while domestic investors purchased 2,607 equities. According to the provisional NSE data, 98 crore worth of shares are worth of.

The price of crude futures rose by 74 cents, or 0.90 per cent, to $83.42 per barrel, while the US West Texas Intermediate crude futures moved 69 cents, or 0.90 per cent, to $77.62.

The Dow Jones was down 1.40 per cent to 33,947 at the end of the day. The S&P 500 index fell 1.79 per cent to 3,998 at the end of the session. Nasdaq moved 1.93 per cent lower to close at 11,239. Delta Corp, GNFC and Indiabulls Housing Finance are in the F&O Futures and Options ban period today. The securities that cross 95 per cent of the market-wide position limit are put under a F&O ban.

Foreign institutional investors FIIs sold 1,139. Domestic institutional investors DIIs purchased a total of 07 crore worth of shares, while domestic institutional investors bought Rs 2,607. On December 5, provisional NSE data showed that there were 98 crore worth of shares.

The opening for domestic markets was lower because of the trend on the SGX Nifty. The SGX Nifty Futures on the Singapore Exchange, also known as the Nifty Futures, fell by 64 points or 0.34 per cent to 18,746.

The benchmark BSE Sensex had slipped 34 points or 0.05 per cent to close at 62,835 on Monday, while the NSE Nifty had settled 5 points or 0.03 per cent higher at 18,701.