Pre-markets: Sensex, Nifty may open in red on global cues; DHFL, UltraTech Cement in focus today
The BSE Sensex and NSE Nifty are likely to open in red on Monday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. At 8.16 am IST, SGX Nifty was trading 34 points down at 8,577.
Asian shares dipped on Monday while the dollar held firm near seven-month high against a basket of major currencies after comments from Federal Reserve Chair Janet Yellen boosted long-dated US bond yields. Hang Seng was trading down by 0.55 per cent in the morning trade, while Nikkei was up by 0.15 per cent.
Shares of DHFL and UltraTech Cement will remain in focus as they will announce their financial results for the quarter ended September 2016 today.
On Wall Street, the Dow Jones Industrial Average index closed up 39.44 points, or 0.22 per cent, at 18,138.38 on Friday. The S&P 500 index advanced 0.43 points, or 0.02 per cent, to 2,132.98 and the Nasdaq Composite added 0.83 points, or 0.02 per cent, to 5,214.16.