The Nifty is expected to open little lower; Reliance Industries, Zomato, and Coal India are among the companies to watch

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.

Latest articles

Debt Recovery Ecosystem in India, Impact of Phygital Debt Collection, and the Way Forward: Mobicule Technologies’ Siddharth Agarwal

In the past few years, India has observed a massive transformation across industries owing to digitisation, new communication channels, and stringent regulatory...

HMD Global Launches Nokia C32: Fashionable Design, Powerful Imaging, and Android 13!

HMD Global, the leading manufacturer of Nokia phones, has announced the launch of the Nokia C32, the latest addition to the popular...

Indian govt likely to reopen semiconductor application worth $10 billion to attract global chip companies

A day after India's IT Minister Ashwini Vaishnaw interacted with the leadership team of  Semiconductor Equipment and Materials International (SEMI), which is the...

Gautam Adani Climbs to Top 20 on Billionaires List with a Net Worth of $64.2 Billion

Indian business tycoon Gautam Adani, chairman of the Adani Group, has achieved a significant milestone by reentering the top 20 on the...

Related articles

Leave a reply

Please enter your comment!
Please enter your name here