Nifty Opens Weak By 0.4% On Weak Global Cues

After two consecutive days of gains for this calendar year, Indian indices started on a subdued note in line with trend on the SGX Nifty. At the pre-opening indices were down in trade and opened lower by 0.44% on the Nifty at 14071, while Nifty Bank and Nifty Mid cap 100 still underperformed the indices.

Though India coronavirus new infection cases are slowing, new Covid 19 strain infections of 35 count have been still found in India which is a cause of worry. Also, the global coronavirus situation is getting worrisome and uncertainty about Senate runoffs in Georgia -- which could have a big impact on incoming US President Joe Biden's economic policies.

Nifty Opens Weak By 0.4% On Weak Global Cues

Further in the Britain new lockdown has been imposed to counter the new strain of virus which is highly infectious in comparison to the previous one.

In early start, top gainers on the Nifty include TCS, Tata Steel, Bajaj Finance, HDFC, while laggards have been Tata Motors, ONGC, Grasim, ICICI Bank and Hindalco.

Meanwhile Asian indices traded were all trading down with Singapore Straits Times down the most by 0.36%.

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