Asian markets were mixed as Japanese and South Korean shares advanced, whereas Hong Kong and Australian markets declined in early trade on Monday.
Oil and U.S. equity futures edged higher on Monday, while major currencies traded within narrow ranges. Contracts for the S&P 500 and the Nasdaq 100 rose about 0.1%.
U.S. and European equity futures ticked higher and Chinese shares fell slightly as mainland bourses opened after a long weekend amid concern over the nation’s economic recovery.
A deal was done to drop criminal mutiny charges against Wagner mercenary group leader Yevgeny Prigozhin and his fighters. This halted the group\'s advance toward Moscow. Thus, events in Russia were expected to reduce risk-taking in markets on Monday without triggering excessively sharp reactions.
The S&P 500 Index ended the previous shortened holiday week 1.4% lower, while the Nasdaq 100 benchmark fell 1.3% as investors took profits from the year’s winning technology names.
Brent crude rose to $74 a barrel and West Texas Intermediate was trading around the $69 mark. The yield on the 10-year U.S. bond was trading at 3.73%, whereas Bitcoin was above the $30,000 level.
At 7:42 a.m., the Singapore-traded SGX Nifty, an early indicator of the Nifty 50 Index’s performance in India, was up 0.03% at 18,720.
Back home, the S&P BSE Sensex Index closed down 260 points, or 0.41%, at 62,979.37, while the NSE Nifty 50 Index was 106 points, or 0.56%, lower at 18,665.50.
Overseas investors in Indian equities remained net sellers for the second day in a row on Friday. Foreign portfolio investors offloaded stocks worth Rs 344.81 crore, according to data from the National Stock Exchange.
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