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Profit taking may sink Nifty 200 points at open
March 04, 2021
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Most Asian-Pacific markets slumped in excess of 1% in early trade on Thursday while US stocks declined overnight
After gaining sharply in the last three days, Indian markets are likely to witness profit booking on Thursday. Clues from SGX Nifty and global markets too indicate a cooling-off of the bull party. SGX Nifty is currently ruling at 15,074, down about 220 points, against Nifty futures, which closed at 15,298.65 on Wednesday.
Most Asian-Pacific markets slumped in excess of 1 per cent in early trade on Thursday while the US stocks declined overnight, with Nasdaq being the biggest loser by 2.70 per cent. The Dow Jones Industrial Average slipped 0.40 per cent and the S&P 500 1.31 per cent.
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