Domestic equity markets are likely to open in the red, hinted SGX Nifty ahead of Monday’s trading session. Nifty futures traded 362 points, or 2.05% lower at 17,297 on the Singapore Exchange, signaling that BSE Sensex and NSE Nifty50 are headed for a gap-down start. “The hawkish monetary policy is seen by market participants resulting in a recessionary scenario in developed markets. The market will take immediate cues from the Jackson Hole symposium with regards to gauging the pace of the future rate hikes,” said Joseph Thomas, Head of Research, Emkay Wealth Management. In the previous session, Sensex advanced 59.15 …
