Equity benchmark indices are looking to start the new week with a downtrend amid the ongoing banking crisis in the US and Europe. As indicated by the SGX Nifty, which was quoting at 17,084 levels, the Nifty index may open around 80 points lower.
Globally, the US equity futures edged higher this morning after the UBS Group took over troubled lender Credit Suisse for $3 billion to calm financial markets. Dow Jones Futures, the S&P 500 Futures, and NASDAQ Futures climbed up to 0.6 per cent.
Asia-Pacific markets, however, fell today, with Nikkei 225, the S&P 200, Kospi, Topix, Hang