MarketBuzz Podcast With Sonia Shenoy: Dalal Street likely to fall sharply as indicated by SGX Nifty futures

Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to make a gap-down opening on Friday tracking weakness across global markets, after rate hike guidance from the ECB and upcoming US inflation data unnerved investors. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — fell as much as 268.5 points or 1.6 percent to 16,203 early on Friday, suggesting a gap-down start ahead on Dalal Street.