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The Indian equity benchmarks are set to open on a flat note as indicated by the Nifty Futures traded on the Singapore Exchange. The Nifty Futures contracts on the Singapore Exchange also known as the SGX Nifty Futures was little changed at 18,210 amid weak cues from global markets. Global stocks eased from record peaks as a stark reminder of supply chain snags in corporate earnings reports stalled their rally, while investors also looked to whether central banks may consider tightening monetary policy earlier than thought.
MSCI’s gauge of world stocks, ACWI, dipped 0.05 per cent in early Thursday trade, with Japan’s Nikkei leading the loss with fall of 1.1 per cent.
Mainland Chinese shares slipped 0.2 per cent while MSCI’s broadest index of Asia-Pacific shares outside Japan ticked down 0.1 per cent.
On Wall Street overnight, the S&P 500 lost 0.51 per cent from all-time high hit on Tuesday though the Nasdaq ended little changed, thanks to strong earnings from Microsoft and Google parent Alphabet.
