0

0

0

0

0

0

0

0

0

market | IST

Sensex, Nifty set for flat opening on mixed global cues

Mini

Crude prices slumped more than 4 percent on Monday, with Brent futures reaching a three-month low of $71.52 a barrel, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.

Indian markets are likely to open flat on Tuesday due to mixed global cues. The Singapore-traded SGX Nifty Futures, which is a key indicator of the NSE Nifty 50's performance in India, was trading lower by 0.22 percent.
Asian stocks were trading mixed, weighed by a sharp decline in crude oil prices as Libyan ports reopened.
Japan's Nikkei traded higher by 0.35 percent, while Hong Kong's Hang Seng was down by 0.8 percent. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.1 percent lower following two sessions of gains. Australian stocks fell 0.3 percent, South Korea's KOSPI lost 0.35 percent and Japan's Nikkei edged up 0.3 percent.
The BSE Sensex ended at 36,323.77 on Monday, falling by 217.86 points, while the NSE Nifty 50 settled at 10,936.85. The rupee retreated from a near two-week high and ended lower by 4 paise at 68.57 against the US currency.
The Standard & Poor’s 500 index slipped 2.88 points to 2,798.43. The Dow Jones industrial average rose 44.95 points. The Nasdaq composite fell 20.26 points to 7,805.72.
Crude prices slumped more than 4 percent on Monday, with Brent futures reaching a three-month low of $71.52 a barrel, as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers.