Sensex, Nifty seen lower opening among weak global indices; Tata Motors focuses

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The Nifty was seen at a low opening amid weak global notes;  Tata Motors focuses

Foreign institutional investors sold shares worth Rs 1,303 crore on Monday.

Indian equity benchmarks are opening lower as Nifty Futures trades on the Singapore Exchange amid weak global notes. The Nifty Futures on the Singapore Exchange, also known as the SGX Nifty Futures, was down 0.52 per cent, or 94 points, at 17,867. Meanwhile, Asian stocks fell and the safe dollar remained firm on Tuesday, with the global energy crisis triggering inflationary fears and clouding investor sentiment ahead of the earnings season for U.S. companies.

Outside Japan, MSCI’s broader Asia-Pacific stock index fell 0.9 percent in early trade. U.S. stock futures S&P 500 e-minis fell 0.43 percent.

Overnight, U.S. stocks plunged Monday, whipping up gains and losses. .

A rally in basic commodity and energy stocks at higher oil prices initially boosted key U.S. stock indices. But profits faded as investors focused on the start of the U.S. corporate earnings season next week.

The Dow Jones Industrial Average lost 0.72 percent, the S&P 500 fell 0.69 percent and the Nasdaq fell 0.64 percent.

Returning foreign institutional investors sold shares worth Rs 1,303 crore and domestic institutional investors sold shares worth Rs 373 crore on Monday.

Focus on stocks

Tata Motors: The company reported for transactions that its global wholesale sales, including Jaguar Land Rover, rose 24 percent year-on-year to 2,51,689 units in the second quarter of the current fiscal year. Global total sales of all Tata Motors commercial vehicles and Tata Daewoo units in the second quarter rose 57 per cent to 89,055 units, compared to the same period last year.

Delta Corp: In the same quarter last year, Rs. The company had posted a net loss of Rs 55 crore in the September quarter. 22.57 crore.

HCL Technologies: The company says it has teamed up with Google Cloud to launch innovative healthcare & life science solutions.



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