Benchmark Indian indices may open lower on Monday. The SGX Nifty was down 1.22% at 08:05 AM. On Friday, the Sensex plunged 714.5 points, or 1.23%, to close at 57,197.15, while Nifty50 lost 220.60 points to end at 17,172.
Indian indices may witness a flat to negative start on Monday. Last week, the indices registered losses overall after shedding around 1.23% on Friday, spooked by US Fed chief Jerome Powell's hawkish statement, and poor results posted by heavyweights Infosys and HDFC Bank.
Experts feel the markets are likely to favour bears this week as well and could see high volatility, with rising inflation, high crude prices, and Q4 results being the key drags.
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On Friday, the Wall Street tumbled over 2.5% as earnings news and Powell's comments soured the mood of the investors.
Indices in Asia fell on Monday, tracking Wall Street's fall on worries over higher interest rates. Shares declined in Japan, South Korea, Australia, Hong Kong, and Shanghai.
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