Nifty, Sensex to Open in the Red Today

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Nifty, Sensex to Open in the Red Today

By Aditya Raghunath

Investing.com -- After four consecutive days of gains, market momentum might weaken today. All cues indicate that Nifty 50 and the BSE Sensex 30 are going to open lower today. Nifty 50 Futures in Singapore are trading down 1.27% as of this report which indicates a negative opening.

Tech stocks in the US had one of their worst days yesterday with NASDAQ Composite falling 1.5%. US futures are all trading down after a sell-off in tech. Dow Jones 30 Futures , S&P 500 Futures and Nasdaq 100 Futures are down 0.37%, 0.69% and 1.11% respectively.

The sell-off has affected Asian markets as well. They are all trading in the red as of this report. Nikkei 225 , KOSPI 50 and Shanghai Composite are down 2.75%, 1.57%, and 0.56% respectively. Nikkei is down even after reports that Japan’s household spending posed the biggest rise after 18 months in March. This points to a strong recovery in consumer spending. Spending surged 6.6% in March 2021 from March 2020.

In India, rating agency CRISIL Ltd. (NS: CRSL ) has said that the country’s GDP growth could fall to 8.2% if the second surge peaks in June-end. If the surge peaks at the end of May, it could fall to 9.8%. Foreign institutional investors (FIIs) have continued to sell Indian equities in May, and have been net sellers to the tune of Rs 4,508.91 crore so far in May.

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  • Kunal Kashyap @Kunal Kashyap
    Manish, this post is an eye opening for the one who will be going to purchase today, but will be hell for the one who has already holding the shares. Even i knew the market will go down. Everythig is infront of you. I will give you hint go and check sigapore nifty 50 future. You will have an idead
    Like 1
  • Kanhaiya Soni @Kanhaiya Soni
    According to me Monday Day Candle was green which is green signal for week. So sit tight and see enjoy the roller coster 😍😍
    Like 1
  • Manish Meswani @Manish Meswani
    This sort of posts regularly come 1 hr before market opening, are we being played. . Rule of markets, trust no one
    Like 3
  • Manish Meswani @Manish Meswani
    This sort of posts regularly come 1 hr before market opening, are we being played. . Rule of markets, trust no one
    Like 0
  • Hem Maratha @Hem Maratha
    100%market uptoday
    Like 0
  • Hem Maratha @Hem Maratha
    100%market uptoday
    Like 0
  • Prasad Koilkar @Prasad Koilkar
    market will flat today
    Like 0
  • selva kumar @selva kumar
    bank nifty?
    Like 0
  • Nitin Thakur @Nitin Thakur
    Nifty will go up today
    Like 1
  • GAURAV SINGH @GAURAV SINGH
    Short selling to continue today
    Like 1
  • Pruthviraj Trades @Pruthviraj Trades
    ajjj. volatility achi rahegi
    Like 2
    • Dablu Rout @Dablu Rout
      yes
      Like 0
    • Dablu Rout @Dablu Rout
      yes
      Like 0
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