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SGX Nifty Tanks 250 Points; Indicates Gap-Down Opening for Indian Stock Markets
Fri, 4 Mar SGX Nifty

SGX Nifty Up 293 Points; Indicates Gap-Up Opening for Indian Stock Markets

The SGX Nifty opened on a negative note today.

At 8:05 am, it was trading down by 250 points, or 1.5% lower at 16,261 levels.

Trends on SGX Nifty indicate a gap-down opening for Indian stock markets.

Asian stock markets took a beating in early deals today as a report of a nuclear power plant on fire amid continued fierce fighting between Ukraine and Russian troops further unnerved investors.

The Hang Seng and the Shanghai Composite are trading down by 2.2% and 0.5%, respectively. The Nikkei is trading down by 2.1%.

In US stock markets, Wall Street ended lower on Thursday, with growth stocks including Tesla and Amazon denting the Nasdaq, as the Ukraine crisis kept investors on edge.

Tesla dropped 4.6% and Amazon lost 2.7%, both contributing more than any other stocks to the Nasdaq's steep decline.

The Dow Jones Industrial Average fell 0.3%, while the S&P 500 lost 0.5%. The Nasdaq Composite dropped 1.6%.

US stock futures are trading on a negative note today with Dow Futures down by 134 points.

Gold prices today, eyeing its best weekly gain since May 2021, as investors scrambled for safe-haven assets after Russia attacked a nuclear power plant in Ukraine - the largest of its kind in Europe.

Crude oil prices rebounded today as the disruption of Russian oil exports because of western sanctions outweighed the prospect of more Iranian supplies from a possible nuclear deal.

Back home, Eveready Industries and Vodafone Idea will be among the top buzzing stocks today.

In his latest video for Fast Profits Daily, India's #1 trader Vijay Bhambwani explains how you can trade profitably during a war.

In the video below, Vijay discusses a strategy that can be used during times of war, different from the usual ones, which can help prevent losses...and even deliver profits.

You can watch the video here: How to Bomb Proof Your Trades

To know the top cues in today's stock market session, check out the pre-open commentary here.

Stay tuned for more updates on Indian stock markets in the upcoming commentary.

For information on how to pick stocks that have the potential to deliver big returns, download our special report now!

Read the latest Market Commentary


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