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Global News Impacting Chinese Tech

5 things that changed for market over weekend: Gift Nifty, China loan prime rates to global market cues for Sensex today

News Snapshot:

The Indian stock market is expected to open on a flat note Monday following mixed global cues. The domestic benchmark equity indices ended lower for the fourth consecutive week, the longest stretch of weekly declines in over a year. A sharp spike in domestic retail inflation, weak industrial production for June, worries over likely another interest rate hike by the US Federal Reserve, depreciation in rupee against US dollar, FII outflow, rising US bond yields and slowing China’s economy weighed on investors sentiment. “Global markets extended their losses as concerns over higher interest rates and slowing China’s economy weighed on…

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