The Indian market is likely to open higher today as the SGX Nifty rose 29 points to 16,205. The opening of the Indian market is believed to be the first indication of the Singapore Stock Exchange.
The Indian equity market ended up flat in a highly volatile session on Monday. Sensex was trading down 37.78 points or 0.07 per cent, at 54,288. The NSE Nifty slid 51.45 points or 0.32 per cent to close at 16,214. Tata Steel was the top Sensex loser, falling 12.53 per cent, followed by UltraTech Cement, ITC, Power Grid, HDFC, HDFC Bank, HCL Technologies, and Reliance Industries.
M&M, Maruti, Hindustan Unilever, Larsen Toubro, Asian Paints and Kotak Mahindra Bank were among the top sectoral gainers, rising up to 4.14 per cent.
The stock market debut will be made by the firm today.
Asian shares fell on Tuesday as the rally on Wall Street was quickly soured by a slide in U.S. stock futures, while the euro held near one-month highs as odds fell on a July rate rise by the European Central Bank.
After ending Monday firmer, Nasdaq futures lost 1.4%, with traders blaming Snap's earnings warning, which saw shares in the Snapchat owner drop 28%.
S&P 500 futures lost some of their 1.8% bounce on Monday, surrendering some of the 1.8% bounce.
The Indian market is likely to open higher today as the SGX Nifty rose 29 points to 16,205. The opening of the Indian market is the first indication of the Singapore Stock Exchange.
Sensex closed at 54,288, or 37.78 points or 0.07 per cent lower. The NSE Nifty sank 51.45 points or 0.32 per cent to close at 16,214, which was a decline of 51.45 points or 0.32 per cent.