SGX NIFTY indicates negative opening for Indian Market

Indian market expected to open marginally lower as indicated by the Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index on Monday. The last trading session turned out to be an awful day of trade for Indian equity benchmarks, with NIFTY tumbling below their crucial 10,200 level and this will be a crucial level to watch out for in today’s trade.

In the global front, Asian market trading mixed to higher taking cues from the overnight U.S. market which closed mixed to higher on Monday. The Global investors are cautious ahead of this week’s Federal Reserve meeting on which Federal Reserve is likely to deliver a hike in US interest rates.