Indian stock markets are likely to open on a weak note as adjusted Gift Nifty indicates a negative start, slipping 70 points from its previous close. The futures index, which serves as a key indicator of market sentiment before the opening bell, reflects bearish cues for domestic equities.
As of the latest update, Gift Nifty was trading at 22,552.5, up 25 points (+0.11%) at 7:37 AM, but after adjustments, the index turned negative, showing a 70-point decline. Meanwhile, another reading of Gift Nifty 50 Index Futures was at 22,547.0, down 34.5 points (-0.15%) as of 7:40 AM GMT+5:30.
The decline in Gift Nifty suggests that investors might be cautious amid global market trends and domestic cues. Market participants will closely watch economic data, global cues, and sectoral movements as trading begins for the day.
With volatility expected in early trade, investors should brace for a choppy session, with key indices reacting to global market trends and sector-specific developments.
Disclaimer:
Market investments are subject to risks. The information provided in this article is for informational purposes only and should not be considered financial or investment advice. Readers are advised to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Business Upturn and its affiliates do not guarantee the accuracy, reliability, or completeness of the market data provided.
Data Reference: Adjusted Gift Nifty data as on 7:34 AM, Gift Nifty 50 Futures Index data as on 7:40 AM, Gift Nifty data as on 7:40 AM.
