iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Dismal opening on the cards on weak global cues

29 Aug 2022 , 08:32 AM

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could slump 368 points at the opening bell. Global markets: Overseas, Asian stocks are trading lower on Monday as the mounting risk of more aggressive rate hikes in the United States. Profits at Chinas industrial firms sank in July. Profits at Chinas industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1% growth logged during the first six months, the National Bureau of Statistics said on Saturday. US stocks dropped sharply on Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the central bank wont back off in its fight against rapid inflation. Fed Chairman Jerome Powell warned that rising interest rates will cause ?some pain? to the U.S. economy, saying higher interest rates likely will persist ?for some time.? He said the Feds decision in September ?will depend on the totality of the incoming data and the evolving outlook.? Domestic markets: Back home, the key equity barometers ended with small gains on Friday. The barometer index, the S&P BSE Sensex, rose 59.15 points or 0.10% to 58,833.87. The Nifty 50 index gained 36.45 points or 0.21% to 17,558.90. Foreign portfolio investors (FPIs) sold shares worth Rs 51.12 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 453.59 crore in the Indian equity market on 26 August, provisional data showed. Powered by Capital Market – Live News

Related Tags

  • capital market
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.