SGX Nifty hints at flat opening for Nifty
May 05, 2021
But investors remain cautious due to shutdown fears
Markets to remain cautous though SGX NIfty points a flat opening, as pandemic-related local shut-downs continue keep investors on the edge.
The SGX Nifty at 14,589 (8 am IST) signals a mild positive opening for Nifty futures, which on Tuesday closed at 14,549.30. The US stocks, which slumped in early session on Tuesday due to Joe Biden's super rich tax fears, ended the day in the positive territory. However, the tech-heavy Nasdaq remained weak throughout the day as investors booked profits in heavy-weight stocks. S&P 500 too closed in the red. Most Asia-Pacific markets remained closed on Wednesday . Cues from Australia, Korea and Taiwan are positive.