Nifty may open below 15,000; Asian markets plunge over 2 per cent
February 26, 2021
RailTel listing in focus
Global cues and SGX Nifty point to a sharp gap down opening for Indian markets. The SGX Nifty is ruling at 14,885, as against the Nifty March futures closing price of 15,169.50, signalling an over 250 points decline at the start.
Global stocks across the Asia-Pacific region have slumped in excess of 2 per cent, with Japan, Korea, Australia, Taiwan and Hong Kong declining between 1.8 and 3 per cent. Overnight, the US stocks witnessed a sharp slide on rising US yields. The tech-heavy Nasdaq slumped 3.52 per cent, the biggest single-day fall since October. The Dow Jones and S&P 500 fell 1.75 per cent and 2.5 per cent respectively.