MarketBuzz
MarketBuzz
CNBC-TV18
862: MarketBuzz Podcast With Sonia Shenoy: Brace for a gap-down opening in market amid rate hike fears
1 minutes Posted Apr 22, 2022 at 3:20 am.
am, Singapore Exchange (SGX) Nifty futures -an early indicator of the Nifty index -- were down 221 points or 1.3 percent at 17,186. Globally, news flow on the Russia-Ukraine war and rising COVID cases in parts of the world remained on investors' radar.
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Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down start on Friday tracking weakness across global markets, as Fed Chairman Jerome Powell's remark that the US central bank will move aggressively to curb inflation brought back fears of steep hikes in pandemic-era interest rates. At