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Market may open marginally down May 12, 2021 Global cues will drive sentiment Indian markets are expected to open only marginally down on Wednesday despite bearish signal from the US and Asian markets. The SGX Nifty, which currently rules at 14,846 (8 am IST) on the Singapore Stock Exchange, signals a 30-point gap-down opening for Nifty futures, which on Tuesday closed at 14,878.25. Fearing inflation, the US markets tumbled overnight. The Dow Jones Industrial Average slipped 473 points or 1.36 per cent; S&P 500 and Nasdaq tumbled 0.87 per cent and 0.1 per cent respectively. Tracking the US markets, Asian markets too ruling in the red. Besides inflation worries, geo political tension between Israel and Palestine also weakened the sentiment.

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