MARKET LIVE: Sell-off likely to continue as SGX Nifty falls over 400 pts
On the macroeconomic entrance, investors will monitor the WPI inflation details which is scheduled to be introduced afterwards in the day.
The US Fed’s most up-to-date action did very little to allay investor fears as the US stock futures strike their down restrict right before daybreak in Singapore. Japan’s Nikkei was down .three per cent in early trade and Hong Kong slipped in excess of two per cent although Austrlia’s ASX tumbled in excess of 6 per cent. Even the SGX Nifty was down in excess of 300 points, indicating a subdued start for Sensex and Nifty right now.
In commodities, oil price ranges prolonged losses on Monday, slumping by far more than $1 a barrel. Brent crude fell $1.83 to $32.02 a barrel.