MUMBAI: On the basis of bearish global indications, domestic stock markets are set to open in the red.
On Friday, US stocks fell dramatically in a broad sell-off, capping a week marred by good economic data, concerns about corporate tax hikes, the Delta COVID variation, and likely revisions in the US Federal Reserve’s asset-purchase tapering plan.
Asian stocks fell on Monday ahead of a week that will see no fewer than a dozen central bank meetings, the most important of which will be the Federal Reserve meeting, which is expected to take another step toward tapering.
According to SGX Nifty trends, the Nifty will open with a 129-point loss, indicating a gap-down opening.
The BSE Sensex sank 125.27 points to 59,015.89 on Friday, while the Nifty fell 44.30 points to 17,585.20.
Stocks to keep an eye on in today’s trading session
In a regulatory filing to the stock exchanges, Wipro announced the opening of the Wipro-Google Cloud Innovation Arena in Bangalore.
The USFDA has given Zydus Cadila final approval for vortioxetine pills, which are used to treat depression.
NCL Industries has formed a joint venture with Moravia Containers A.S. of the Czech Republic to create a company that will manufacture modular containers and systems.
NODWIN Gaming, a Nazara Technologies company, has purchased OML Entertainment’s gaming and adjacent IP business for Rs. 73 crore.