Market may open flat, but with negative bias
May 14, 2021
Ignoring inflation concern, global markets turn bullish
Indian markets are likely to open marginally lower on Friday even as the US stocks ended with sharp gains on Thursday. Asian markets too rallied in early trade on Friday. However, according to analysts, bears may take a pause on Friday.
The SGX Nifty is currently ruling at 14,691 (8 am IST) on the Singapore Stock Exchange, as against the Nifty futures Wednesday’s closing value of 14,710.
The US markets such as Dow Jones Industrial Average and S&P 500 that were tamed by rising inflation managed end with over one per cent gain. Tech-heavy Nasdaq too jumped 0.72 per cent overnight.
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