Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 52 points at the opening bell.
Overseas, most Asian markets were trading lower on Monday due to rise in US-Iran tension
In US, stocks on Friday ended solidly lower following escalating tensions in the Middle East and fall in US manufacturing activity.
Friday saw worse-than-expected US manufacturing data underlined risks to economic growth. The Institute for Supply Management's December US manufacturing purchasing managers index fell to 47.2% from a reading of 48.1% in November.
Back home, domestic shares corrected on Friday, as flare up in geopolitical tensions between the US and Iran compelled investors to lock recent profits. The barometer index, the BSE Sensex, fell 162.03 points or 0.39% to 41,464.61. The Nifty 50 index declined 55.55 points or 0.45% to 12,226.65.
The trading activity on that day showed that the foreign portfolio investors (FPIs) bought shares worth a net Rs 1263.05 crore on Friday, 3 January 2020, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 1029.20 crore, on Friday, 3 January 2020, as per provisional data.
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