Share Market News Today | Sensex, Nifty, Share Prices LIVE: Indian equity markets are likely to open lower on Monday amid weak global cues. Ahead of the session, Nifty futures traded 0.37% lower at 17,358.50 on the Singapore Exchange, signaling that Dalal Street was headed for a tepid start. Globally, markets showed weakness. Asian stocks slipped along with US equity futures on Monday as Treasury yields climbed amid expectations of further aggressive Federal Reserve interest-rate hikes to tackle elevated inflation. Shares were mixed in Japan and lower in Australia and South Korea. S&P 500 and Nasdaq 100 contracts declined. In the previous session, Indian benchmarks BSE Sensex, NSE Nifty 50 ended marginally positive after the RBI raised the key policy rate by 50 bps.

Reliance Industries announced the date of its forty-fifth Annual General Meeting (AGM) as August 29, 2022. The meeting will take place at 2 pm through video conferencing. The company has fixed August 19 as the record date for the FY22 dividend, which might be declared at the AGM. It has also fixed Monday, August 22, 2022 as the “cut-off date” for the purpose of determining the members eligible to vote on the resolutions set out in the notice of the AGM and to attend the AGM, according to a regulatory filing to the stock exchanges.

Key benchmark indices are likely to see a gap down opening in Monday trades, in tandem with weakness in other Asian gauges after US markets closed lower on Friday. If the weakness in Asian markets persisted during the course of the trading session, traders back home would take the opportunity to book profits as the markets had risen sharply in the previous week. The biggest negative catalyst is that the US yield curve has steepened, indicating signs of recession which would further worsen the sentiment across the global equities. Last week's strong US jobs report further bolsters the case for the Federal Reserve to continue its aggressive policy tightening path. Despite the signs of caution, there are some positive catalysts like oil prices tumbling 10% last week, and FIIs turning net buyers of local equities in all the 5 trading sessions last week and buying shares worth Rs 6,992 crore.

Indian markets are likely to open on a negative note today tracking weak global clues after a stronger-than-expected US jobs report on Friday raised the prospects of the Fed maintaining its aggressive monetary policy. Domestic markets ended higher on the back of gains in IT and BFSI stocks, which were partially offset by losses in auto and energy stock as the RBI increased repo rates by 50 bps, which was on expected lines. US markets ended mixed amid release of better-than-expected macroeconomic data.

The Sensex was up 9.27 points or 0.02% at 58397.20, and the Nifty was down 50.20 points or 0.29% at 17347.30.