The Indian benchmark indices are likely to open lower today, as SGX Nifty quoted at 17,309, down 152 points at 8: 39 am.
Singapore Nifty SGX Nifty is the Indian Nifty index that is traded in Singapore Stock Exchange and considered to be the first indication of the opening of the Indian markets.
The indices of Benchmarks fell on Monday, weighed by losses in Reliance Industries, HDFC and Bajaj Finance, amid a mixed trend in global markets.
Sensex fell by 503.25 points to 58,283 and the Nifty fell to 17,368, down 143.05 points. Bajaj Finance was the top Sensex loser, falling 3.10 per cent, followed by Bajaj Finserv, Reliance Industries, M&M, Nestle India and SBI. Axis Bank, Tech Mahindra, PowerGrid and Maruti were among the top Sensex gainers, rising to 2.38%.
The sharp rise in Omicron cases in the UK is a concern for global markets, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The Bank of England, the US Fed and the Bank of Japan will hold meetings this week to discuss the medium term trajectory of interest rates, bond yields and markets. In November, the FPIs sold Rs 33,799 crore in November and Rs 17,644 crore up to December 10 have been the biggest hiccup for the market, especially for banking stocks, he said.
Foreign institutional investors FIIs sold shares worth Rs 2,743. Domestic institutional investors DII bought shares worth 1,351 on December 13, and the shares of 44 crore were bought by domestic institutional investors. A provisional data on the NSE shows that 03 crore are available.