Nifty is likely to open with a huge gap down tomorrow as indicated by Nifty futures traded on the Singapore Exchange. The Singapore Nifty, also known as SGX Nifty was trading around 14,136 as of 9:17 pm Indian Time as against Tuesday’s closing of 14,296. Indian equity markets were shut on Wednesday on account of Ram Navmi. Rising Covid inflections and subsequent lockdowns have dampened investor sentiment and also raised doubts about the country’s economic recovery, analysts said.
Foreign institutional investors sold shares worth Rs 1082.33 crore on Tuesday, while domestic institutional investors bought shares worth Rs 1323.01 crore.