Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 80 points at the opening bell.
Overseas, Asian stocks were trading lower on Monday as the number of coronavirus cases outside of China increased and concern grew that global economic growth could take a more sustained hit.
In US, stocks slumped on Friday as the spread of the COVID-19 epidemic from China to neighbouring countries amplified worries about the impact on supply chains and global economic growth.
Stocks also came under pressure after IHS Markit reportedly said business in the US contracted in February for the first time in four years owing to disruptions caused by the coronavirus and growing angst over the outcome of the 2020 presidential election.
Back home, key equity benchmarks ended with modest losses on Thursday. Trading was volatile due to expiry of weekly index options on the NSE. The S&P BSE Sensex, fell 152.88 points or 0.37% to 41,170.12. The Nifty 50 index lost 45.05 points or 0.37% at 12,080.85.
Market was closed on Friday on account of Maha Shivratri.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1495.25 crore on Thursday, 20 February 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 699.62 crore, Thursday, 20 February 2020, as per provisional data.
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