The Nifty 50 index is set to open sharply lower as indicated by the Nifty Futures on Singapore Exchange amid weak global cues. The Nifty Futures on Singapore Exchange also known as the SGX Nifty Futures fell 210 points to 16,498. Meanwhile, stocks fell globally as soaring oil prices raised more concerns about how Russia’s escalating war on Ukraine may impact the global economy. Nervous investors again poured money into ultra-safe U.S. government bonds.