Power Breakfast: Worst Cues From Global Markets, How Will Indian Markets Open?

Worst cues are being seen from the global markets. The Dow Jones closed 640 points lower at the day's low. Apart from this, the S&P 500 slipped up to 2.5% and the Nasdaq closed down by 2.75%. In the US, the inflation rate in May is estimated to be 8.3%. The bond yield will remain above 3%. Europe has also seen a decline of more than 1.5%. SGX Nifty is down by about 240 points and this index is trading in the red mark.