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Nifty to tumble over 130 points on weak global cues April 30, 2021 Spotlight will be on quarterly results and progress of Covid-19 vaccination Indian markets are expected to open slightly lower on Friday, amidst weak global cues emanated from Asian markets. The SGX Nifty, which currently rules at 14,770 at the Singapore Stock Exchange, indicates at least 130 points gap-down opening for Nifty futures, which on Friday closed at 14,901. According to analysts, the focus will be on progress in Covid pandemic and corporate results. Though the US market closed on strong note overnight, Asian markets from Japan, to Korea; and Australia to Taiwan are ruling weak in early trade on Friday, as China’s crackdown on technology firms affected the sentiment. The US market overnight ended firm due to strong GDP data.

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