Sensex, Nifty Seen Opening Lower Amid Weak Global Cues; Tata Motors In Focus

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

Indian stock indexes are low, as evidenced by Nifty futures trading on the Singapore Stock Exchange, amid weak evidence around the world. Nifty futures on the Singapore Stock Exchange, also known as SGX Nifty futures, were down 0.52%, or 94 points, to 17,867. Meanwhile, Asian stocks fell on Tuesday and the safe dollar remained strong. This is because the global energy crisis fueled inflation concerns and clouded investor sentiment ahead of the US corporate earnings season.

MSCI’s broadest index of non-Asian shares from the Asia-Pacific region fell 0.9% to open trading after US stocks ended the last session with slight losses. US S&P 500 e-mini futures fell 0.43%.

US stocks fell on Monday as oil prices hit their peak for several years, stoking fears of soaring prices and a coin shortage, and the dollar rose to near a three-year high against the yen. ..

The increase in the share of raw materials and energy due to the increase in crude oil prices initially caused important US stock indexes to rise. However, profits fell as investors focused on the start of next week’s US corporate earnings season.

The industry average for the Dow Jones was down 0.72%, the S&P 500 was down 0.69% and the Nasdaq Composite was down 0.64%.

Upon their return to Japan, foreign institutional investors sold Rs. 130.3 billion and local institutional investors sold Rs. 37.3 billion on Monday.

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Tata Motors: The company informed the stock exchange that global wholesalers in the second quarter of the current fiscal year, including Jaguar Land Rover, were 2,51,689 units, 24% more than the previous year. The total wholesale volume of all commercial vehicles from Tata Motors and Tata Daewoo was 89,055 units in the second quarter, 57% higher than a year earlier.

Delta Corp.: The company’s losses have shrunk from Rs 55 in the quarter last year to Rs 22.57 in the September quarter.

HCL Technologies: The company has partnered with Google Cloud to bring innovative healthcare and life science solutions to market.