BSE Sensex, NSE Nifty likely to open lower on weak global cues

The BSE Sensex and NSE Nifty are likely to open in red tracking SGX Nifty on the Singapore Stock Exchange and other Asian markets.

At 8.19 am (IST), SGX Nifty was trading 0.28 per cent lower than its previous close.

Asian markets were mixed, Nikkei 225 index and Hang Seng index were down 0.06 per cent and 1.08 per cent at 20,712.03 and 24,288.52, respectively. Shanghai was tradiing 1.89 per cent higher at 3,815.15.

On Friday, the benchmark BSE Sensex and NSE Nifty declined 0.22 per cent and 0.28 per cent to 28,236.39 and 8,564.60, respectively.

Companies like SICAL Logistics, Allcargo, Chambal Fertisers & Chemicals, Tube Investment, RCF, TIIL, Pitti Laminations, Pantaloons Fashion & Retail, Radico, Jindal Photo, J&K Bank, India Glyco, HDIL, Fincables, Adani Ports, Allcargo, Eclerx, Alphageo, Gujarat Mineral Development Corporation and Alkali Metals may announce their earnings on Monday.

On Wall Street, the Dow Jones industrial average fell 0.3 per cent, hitting a six-month low. The S&P 500 shed also about 0.3 per cent on August 8.

Emerging market shares were beaten harder, with MSCI’s emerging market index falling to a two-year low on Friday.