The domestic stock markets have opened in the red on the back of not-so-encouraging cues from the global front. Wall Street ended sharply lower on Friday as investors weighed signs of higher inflation and Asian shares have made a guarded start to the week. At 9:20 am, the BSE Sensex was trading at 58,151.45, lower by 177.11 points or 0.32 per cent and the NSE Nifty was at 17,320.55, down 44.95 points or 0.24 per cent. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.1 per cent, after bouncing on Friday. Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3 per cent last week. The Topix has already scaled that peak, while the Nikkei turned hesitant early on Monday.Wall Street ended sharply lower on Friday, with Apple Inc tumbling following an unfavorable court ruling related to its app store. The Dow Jones fell 0.78 per cent, while the S&P 500 lost 0.77 per cent and Nasdaq Composite dropped 0.87 per cent.
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