Global indices are pointing towards another black Friday as major markets continue to exhibit bearish sentiment. As of 8:38 am on February 28, the Gift Nifty is down by 130 points (-0.57%), indicating a weak start for Indian markets. The decline suggests cautious investor sentiment amid global uncertainties.
Key global index movements:
- Gift Nifty: 22,520.50, down by 130.00 points (-0.57%)
- Dow Jones Futures: 43,189.42, down by 50.08 points (-0.12%)
- Nikkei 225: 37,182.09, plunging by 1,074.08 points (-2.81%)
- Hang Seng: 23,315.83, declining by 402.46 points (-1.70%)
The Nikkei 225 and Hang Seng indices witnessed significant drops of 2.81% and 1.70% respectively, reflecting global risk aversion and negative sentiment across Asian markets. The downturn in Dow Jones Futures further reinforces a cautious outlook among investors.
Market participants are expected to closely watch global economic indicators, geopolitical developments, and corporate earnings updates as they navigate through the ongoing volatility.
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