The key benchmark indices are likely to start Monday’s session with cuts amid weak global cues and the on-going Russia-Ukraine conflict. At 7:50 am, the SGX
futures were quoting at 17,790 levels, hinting at an opening loss of 90-odd points for the Nifty50.
Moreover, crucial economic data will also be monitored this week. Consumer price index (CPI) reading for both India and the US will be released on Tuesday, while producer price index in the US will come the following day.
While, another key event that remains on investors’ radar is the European Central Bank monetary policy meeting on Thursday.
This apart, in the secondary market, Veranda Learning Solutions will make its debut on the bourses. The issue price is Rs 137 per equity share. The issue was subscribed 3.53 times. Retail investor portion was subscribed the most by 10.76 times.
Asian markets, too, were lower with the Hang Seng down 1.92 per cent, Nikkei 0.24 per cent. Shenzhen Component fell 1.8 per cent, while Shanghai Composite was down 1.2 per cent. Strait Times fell 0.6 per cent, while Kospi was flat.