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  1. Sensex, Nifty may open in red tracking weak global cues

Sensex, Nifty may open in red tracking weak global cues

Global markets are bracing for Chinese data on Tuesday which is expected to show the world's second-largest economy is continuing to lose momentum.

By: | Updated: August 31, 2015 8:41 AM
bse sensex

On Friday, the BSE Sensex and Nifty gained 0.61 per cent and 0.67 per cent at 26,392.38 and 8,001.95, respectively. (Express photo)

The market is likely to see a gap down opening on Monday tracking SGX Nifty and weak Asian markets.

At 8.22 am, SGX Nifty was down 45.50 points, or 0.57 per cent, at 7,974.

Asian markets fell on Monday and looked set for their worst monthly performance in three years after top Federal Reserve officials kept the door open for an interest rate hike in September and Chinese stock markets took a fresh tumble.

Shanghai, Hang Seng and Nikkei were down 2.36 per cent, 0.67 per cent and 1.05 per cent at 3,156.05, 21465 and 18,935.57.

Global markets are bracing for Chinese data on Tuesday which is expected to show the world’s second-largest economy is continuing to lose momentum. A Reuters poll showed China’s official factory sector activity likely fell to a 3-year low.

On Friday, the BSE Sensex and Nifty gained 0.61 per cent and 0.67 per cent at 26,392.38 and 8,001.95, respectively.

(With inputs from Reuters)

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