Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 56 points or 0.48 percent. Nifty futures were trading around 11,704-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a gain of 27 points or 0.24 percent. Nifty futures were trading around 11,342-level on the Singaporean Exchange.
Wall Street's major indexes fell on Friday as weak earnings reports from major technology companies led to a big drop for the sector, said a Reuters report.
The company's net sales grew by 15 percent at Rs 857 crore for the period under review as compared to Rs 742 crore in the year-ago period, Biocon Ltd said in a statement.
Biocon Ltd, India top biotechnology company, reported a 4% drop in quarterly profit due to higher energy costs and rise in wages, but said strong demand from branded formulations offered opportunities for growth.