Market may open in negative zone

30 Jun 2022 , 08:35 AM

SGX Nifty: Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 23 points at the opening bell. Global markets: Overseas, Asian stocks are trading mixed on Thursday as investors weighed signs of gradual improvement in Chinas economy and comments from central bank chiefs on tackling persistent price pressures. In economic news, Chinas official manufacturing Purchasing Managers Index for June was at 50.2. Stock indexes on Wall Street ended mostly lower in the overnight session after another choppy day of trading. On Wednesday, Federal Reserve Bank of Cleveland President Loretta Mester said she will advocate for a 75 basis point hike to interest rates at the central banks July meeting if economic conditions remain the same by then. Domestic markets: Back home, the domestic equity benchmarks ended with modest losses after a volatile session of trade on Wednesday. The barometer index, the S&P BSE Sensex, was down 150.48 points or 0.28% to 53,026.97. The Nifty 50 index lost 51.10 points or 0.32% to 15,799.10. Foreign portfolio investors (FPIs) sold shares worth Rs 851.06 crore, while domestic institutional investors (DIIs), were net buyers to the tune of Rs 847.46 crore in the Indian equity market on 29 June, provisional data showed. Powered by Capital Market – Live News