Nasdaq futures sink 1%, Asian stocks mirror weakness


Stock Market Live: Bears may continue to rule for a sixth day on Dalal Street as benchmark indices Sensex and Nifty eye a shaky start on Thursday. At 7:15 am, the Gift Nifty futures were down around 100 points at 19,123.  

US stocks also lost ground overnight dragged by Alphabet Inc, which dropped 9 per cent on missing cloud business revenue estimates. The S&P 500 lost 1.4 per cent, while the Nasdaq slipped 2.4 per cent. The Dow Jones fell 0.3 per cent. 

Asian markets also declined this morning with South Korea’s Kospi and Japan’s Nikkei falling nearly 2 per cent each. Hang Seng in Hong Kong was flat. S&P/ASX 200 in Australia dipped over 1 per cent. 

Nasdaq futures were sharply down up to 1 per cent in after market trade in the US. 


back home, IRM Energy’s listing will be eyed. The issue price is fixed at Rs 505 apiece.


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