Key benchmark indices opened in the green on Monday
After a volatile week, the Sensex and Nifty started on a tepid note on Monday as SGX Nifty futures fizzled out early gains.
- Last Updated:May 23, 2022, 09:21 IST
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After a volatile week, the Sensex and Nifty started in the green on Monday as SGX Nifty futures fizzled out early gains. Sensex is up 130.88 points or 0.24 per cent at 54457.27, and the Nifty added 13.70 points or 0.08 per cent at 16279.90
Fears of recession propelled the S&P500 briefly into a bear market on Friday before it closed flat. Some recovery also led the Dow to close unchanged, while the Nasdaq fell 0.3 per cent. However, stock futures in the US gained over 1 per cent on Monday.
Asian markets were mixed this morning. Asian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets. MSCI’s broadest index of Asia-Pacific shares outside Japan was flat, after U.S. stocks ended the previous session with negligible gains for the day. The index is down 3.6 per cent so far this month. A negative tone was evident as Hang Seng Index slid 0.38 per cent and the mainland’s CSI300 dropped 0.37 per cent. Japan’s Nikkei stock index was 0.8 per cent higher.
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