The 50-share Nifty index is expected to open lower on Monday following muted trend seen in other Asian markets. Tracking the momentum, the index may retest its crucial psychological level of 7,950 in trade today. At 08:00 A.M., Nifty India stock futures in Singapore were trading 47 points lower at 7,972 indicating a gap-down opening on the domestic market.
Benchmark indices wrapped up the week ended August 28, 2015 in the red zone led by weak global environment. The Sensex was down 3.55 per cent and the Nifty fell 3.59 per cent. Movement of index in near term will depend on further reform initiatives to be taken by the government, monthly auto sale numbers of Auto sector to be announced starting on 1st September 2015 and Q1 GDP data.
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