By Malvika Gurung
Investing.com — The listed on the Singapore-based Exchange SGX, an early indicator for , traded 0.07% or 11 points lower at 8:35 am on Monday, indicating a flat-to-lower opening on Dalal Street.
Further, the dropped 0.13% and climbed 0.04%.
The state-owned oil-producing giant Bharat Petroleum (NS:) is set to conduct its board meeting on Monday, to release the audited financial earnings for the March-ended quarter.
Major US indices declined on Friday as the debt ceiling negotiations were put on hold in Washington and the country inched closer to the deadline for avoiding default.
lost 0.24%, declined 0.33% and dropped 0.14% on Friday.
Asian shares traded mixed on Monday, as traders remained cautious over the stalled debt ceiling negotiations in the US, and concerns over the banking liquidity crisis lingered. Japan will release its Services PMI and Manufacturing PMI today.
At 8:33 am, South Korea’s gained 0.87%, Japan’s traded flat with a positive bias, Hong Kong’s rallied 1.47%, China’s rose 0.21% and Australia’s declined 0.27%.
Oil prices fell on Monday, extending losses into a third session as markets awaited more progress in negotiations over the US debt ceiling, while focus also remained on potential supply disruptions in North America, an Investing.com report noted.
declined 0.8% to $74.99/barrel and fell 0.78% to $71.13 a barrel while writing. tanked 1.5%.