After closing in red on Friday, the benchmark indices Sensex and Nifty50 opened in the red on Monday.
The Dow Jones Industrial Average slumped more than 900 points Friday as another sharp sell-off led by technology stocks added to Wall Street’s losses in April, leaving the S&P 500 with its biggest monthly skid since the start of the pandemic. The S&P 500 fell 155.57 points to 4,131.93 Friday. The Dow dropped 939.18 points to 32,977.21. The Nasdaq slid 536.89 points to 12,334.64. The benchmark S&P 500 fell 3.6 per cent and finished April with an 8.8 per cent loss, its worst monthly slide since March 2020. The Dow slumped 2.8 per cent.
Financial markets in China, Hong Kong, Indonesia, Singapore, Taiwan and Thailand are closed on Monday for public holidays.
Tokyo shares drifted lower on Monday ahead of three consecutive public holidays, as investors focused on an upcoming US Federal Reserve monetary policy meeting. The Nikkei 225 index opened flat then slipped 0.52 per cent, or 139.55 points, to 26,708.35 in morning trade while the broader Topix index fell 0.23 per cent, or 4.33 points, to 1,894.73.