Stock Market LIVE: GIFT Nifty indicates a positive start for domestic indices BSE Sensex and NSE Nifty 50 financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
Gift Nifty was trading around 20,142 level, as compared to Nifty futures previous close of 20,143, indicating a flat start for the Indian benchmark indices.
Asian shares wavered on Monday amid worries that problems with vaccine rollouts combined with new strains of Covid-19 will delay a global economic recovery that has already been baked into the market s rich valuations. MSCI s broadest index of Asia-Pacific shares outside Japan fell 0.4 per cent, following four straight sessions of losses. Japan s Nikkei bounced 0.4%, after shedding almost 2 per cent on Friday. Futures for the S&P 500 lost another 0.7 per cent in heavy trade, while NASDAQ futures fell 0.9 per cent. Dealers were also warily awaiting new developments in the headline-grabbing battle between retail investors and funds that specialise in shorting stocks.