SGX Nifty points to nearly 300-point gap down in Nifty

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Premium SGX Nifty points to nearly 300-point gap down in Nifty (Photo: Bloomberg) (Photo: Bloomberg)
1 min read . Updated: 14 Sep 2022, 08:44 AM IST Ram Sahgal
  • SGX Nifty traded down 289 points at 17,781 in morning trades on SGX. SGX Nifty offers cues into initial price movements on the Nifty.

Indian stocks could open sharply lower following the overnight carnage in US markets with the Dow and Nasdaq tanking by 4-5% after data showed retail prices rose higher than anticipated.

SGX Nifty traded down 289 points at 17,781 in morning trades on SGX. SGX Nifty offers cues into initial price movements on the Nifty.

Yesterday FIIs purchased shares worth a provisional 1,957 crore even as DIIs sold a provisional 1,268 crore worth of shares.

"The market could open sharply lower and recover during the course of the session," said Sudhir Joshi, director, Khambatta Securities, adding that "the momentum in Indian stocks remains strong."

Speaking on the likely impact of...

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