Three Reasons Why Indian Markets Might Open Negative Today

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Three Reasons Why Indian Markets Might Open Negative Today
Credit: © Reuters.

By Aditya Raghunath

Investing.com -- Global cues all indicate a lower opening for Indian markets. Nifty 50 Futures are trading lower by 0.45% which is the strongest indicator that Nifty 50 and the BSE Sensex will open in the red today.

  1. The incoming US President Joe Biden unveiled a $1.9 trillion stimulus plan to boost the world’s largest economy. The size of the plan was largely what the markets had already factored in. What remains to be seen is how quickly the plan will advance in the near-term. US Stock markets took a u-turn on Thursday. They closed in the red after trading positive for most of the day. Stock futures in the US had opened up slightly higher after the plan was unveiled but are now trading in the red. Dow Jones 30 Futures are down 0.17% while S&P 500 Futures is down 0.15% and Nasdaq 100 Futures are down 0.01%.
  2. Asian stocks have also given up gains after opening up. Nikkei 225 is trading down 0.21% and KOSPI 50 is down 1.43%.
  3. China has placed over 22 million people on lockdowns after a new COVID wave has hit the country. Surging cases in the US and Europe, and now China is not great news for investors heading into the weekend.

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  • TONGBRAM JEEVAN @TONGBRAM JEEVAN
    Why market is down against the1.9  trillion dollars stimulus  ?
    Like 0
    • Rohit Kumar @Rohit Kumar
      ask operators, they'll answer you better
      Like 0
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  • Sanjeev Kumar Choudhary @Sanjeev Kumar Choudhary
    no any impact of covid in india because indian immunity much strong due to his lifestyle and non hygiene life
    Like 5
  • arvind bhalsod @arvind bhalsod
    Sir china is misleading the world. At the time of WHO team why they applied lockdiwn in Wuhan? They...
    Like 3
  • Janakiraman Raghuraaman @Janakiraman Raghuraaman
    Withdrawal of funds from all other markets will come to India
    Like 14
    • Abhishek Bal @Abhishek Bal
      No. India does not hold a nagic wand in hand. This is ‘Bhakt’ attitude
      Like 5
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