April 22, 2021
SGX Nifty points a 100-point gap-down opening
Indian markets continue to be on the edge as rising Covid crisis and its impact on the economy haunt investors, especially foreign institutional investors. While the global markets, both the US and Asian markets, are giving out bullish signals, SGX Nifty at 14,193 (8 am) indicates at least a 100-point gap-down opening for Nifty futures, which on Tuesday closed at 14,296 on the NSE.
Overnight, US stocks closed about one per cent higher. Following suit, Asian stocks such as Japan, China, Korea and Hong Kong are significantly up in the range of 0.4-1.8 per cent. Australian markets, however, are ruling flat with marginal gains.