Here's Why Nifty, BSE Sensex Might Open Lower Today

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Here's Why Nifty, BSE Sensex Might Open Lower Today

By Aditya Raghunath

Investing.com -- Indian markets look likely to break the three-day winning streak as global and domestic cues indicate a negative opening for Nifty and the BSE Sensex today.

 
Both indices gained over 2% each on the back of metal and financial stocks yesterday but it looks like a day for consolidation today.
 
Nifty Futures are trading down 0.92% of this report and that indicates a red opening for markets.
 
Asian markets have opened and are trading lower today on fears that US Treasury yields might rise again. Nikkei 225 is trading down 1.87% while the KOSPI 50 is down 1.49% as of this report. The Shanghai Composite is also down 1.57%.
 
However, ratings firm S&P has said that yields are not high enough to impact the debt of major economies. Last week, the rise in US treasury bond yields to 1.6% spooked global markets as everyone considered the amount of borrowings that countries have taken on.
 
Nasdaq ended sharply lower yesterday as investors moved out of tech stocks into sectors that will benefit from the opening up of lockdowns, vaccinations, and stimulus benefits. US futures are trading down after the tech sell-off yesterday. 
 
Crude oil is gaining as US stocks deplete. Oil is now at $61.59 and demand is expected to surge from India. The Indian government has requested OPEC to open up the tap and increase production as the country's economic recovery gains momentum. 

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  • Ginni Ramesh Reddy @Ginni Ramesh Reddy
    tomorrow nse nifty 15600 touch karega
    Like 0
  • Ginni Ramesh Reddy @Ginni Ramesh Reddy
    15300 tak up hoga
    Like 1
  • Rahul Kumar @Rahul Kumar
    👍
    Like 0
  • Gaurav Singh @Gaurav Singh
    perfect analysis.. 10/10
    Like 2
    • Santosh Jagtap @Santosh Jagtap
      Daily analysis provided here can really be help for trading?Please revert.
      Like 0
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  • yadhu nandan @yadhu nandan
    will reach 15100 in the first half..acc to me
    Like 1
  • vipul kumar @vipul kumar
    fine analysis...
    Like 0
  • YO YO Albert @YO YO Albert
    Its positive sign
    Like 1
  • Nalin Vora @Nalin Vora
    👍
    Like 0
  • Ginni Ramesh Reddy @Ginni Ramesh Reddy
    nse 14750 tak down hoga
    Like 6
    • Naresh Pujari @Naresh Pujari
      Is it any OPEC meeting today?
      Like 0
    • Nilimesh Mitra @Nilimesh Mitra
      Aaj ?
      Like 0
    • Nasib Singh @Nasib Singh
      if breach 14950
      Like 0
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      100

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