The Nifty futures sold on the Singapore Exchange show that Indian equities benchmarks are poised to open modestly lower, despite poor clues from other Asian markets. The Singapore Exchange Nifty futures, often known as SGX Nifty futures, lost 13 points to 16,259. After a mainly negative performance on Wall Street, Asian stocks got off to a shaky start on Tuesday, as continued concerns over the spread of the Delta version of the coronavirus dampened confidence and sparked losses in metals and oil prices.
In early trade, MSCI’s broadest index of Asia-Pacific equities outside Japan fell 0.4%, with Korea’s KOSPI index down 0.56 percent and China’s blue chip index CSI300 down 0.33 percent.
The Dow Jones Industrial Average fell 0.3 percent overnight, the S&P 500 fell 0.09 percent, and the Nasdaq Composite rose 0.16 percent. The MSCI global equity index fell 0.03 percent.
On Monday, international institutional investors acquired 212 crore worth of shares, while domestic institutional investors sold 716 crore worth of shares. Reliance Industries, through its subsidiary Reliance New Energy Solar, and strategic investors Paulson & Co. Inc., Bill Gates, and a few other investors have announced a $144 million investment in Ambri Inc, a Massachusetts-based energy storage startup.
Investors will be watching Zomato, Coal India, Lupin, Power Grid, Ashoka Buildcon, Balaji Telefilms, and IRB Infrastructure, which will post June quarter profits later in the day.