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Gap up opening seen; but FPIs hold the key - The Hindu BusinessLine

Gap up opening seen; but FPIs hold the key March 01, 2021 Investors would closely track bond yields, geopolitical tensions and inflation data for further market direction Global and Asia-Pacific markets point to a strong opening for Indian markets. SGX Nifty, which is ruling at 14,751, points to at least a 200-point gap-up opening for Nifty. The Nifty March futures on Friday crashed almost 4 per cent to close at 14,578. Asia Pacific markets too opened with sharp gains. Key markets such as Japan, China, Australia and Hong Kong are up between 1 and 2 per cent. Foreign fund flows will continue to dictate the market direction, said market experts. In one of the biggest pull-outs in recent times, FPIs on Friday (net) sold shares worth ₹8,295 crore. The market crashed almost 4 per cent.

Nifty March futures trade at premium

Trade Setup: Upside to remain capped; avoid chasing high beta stocks

Trade Setup: Upside to remain capped; avoid chasing high beta stocks
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Nifty may open below 15,000; Asian markets plunge over 2 per cent

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.

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