Sensex and Nifty are likely to open higher tracking positive
trading of Nifty futures on the Singapore Stock Exchange.
The Nifty futures traded on the Singapore Stock Exchange
also known as the SGX Nifty or Singapore Nifty was up 0.25 per cent or 19
points at 7,764.
Meanwhile, other Asian markets were mostly trading higher.
China's Shanghai Composite was up 0.12 per cent and Japan's Nikkei advanced
0.11 per cent. While, Hong Kong's Hang Seng fell 1.34 per cent.
Stocks on Wall Street rose on Friday after better-than-expected
US jobs and factory survey data, but a gloomy manufacturing report in Japan
knocked other global equity markets lower and crude oil prices slumped.
Nonfarm payrolls increased 215,000 and the unemployment rate
rose to 5.0 per cent from an eight-year low of 4.9 per cent, the US Labor
Department said. The jobless rate rose as more people continued to seek work, a
sign of confidence in the jobs market.
Back home, foreign institutional investors bought shares
worth Rs 214 crore while domestic institutional investors sold shares worth Rs
519.91 crore on Friday.
HCL Technologies and Geometric will be in focus today after
Geometric said it will sell its IT services business to HCL Technologies Ltd in
an all-stock deal valued at Rs 1,237 crore, as HCL looks to strengthen its
engineering and automotive services portfolio.
Jindal Steel will also be on investors radar on reports that
lenders to Jindal Steel and Power Ltd (JSPL) have approved refinancing of loans
worth Rs 2,500 crore.
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