As of 7:30 am, the adjusted Gift Nifty shows a decline of 142.15 points or 0.63%, indicating a likely gap down opening for the Indian stock market. This downward trend suggests a negative start for the trading session, reflecting bearish sentiment in global cues or domestic factors influencing market dynamics.
The negative opening can be attributed to a weak handover from Wall Street following Nvidia’s earnings results, which failed to impress investors. The disappointing results have triggered a sell-off in technology stocks, weighing down global market sentiment. This has led to caution among investors, contributing to the bearish outlook for Indian markets today.
Yesterday’s performance:
- Sensex: Closed at 74,612.43, up by 10.31 points (+0.01%)
- Nifty: Ended at 22,545.05, down by 2.50 points (-0.01%)
- Bank Nifty: Finished at 48,743.80, gaining 135.45 points (+0.28%)
- Midcap Nifty: Declined by 98.05 points (-0.89%) to close at 10,957.30
The mixed performance yesterday indicates cautious trading sentiment, with midcaps witnessing significant selling pressure while Bank Nifty managed to close in positive territory. Traders are likely to keep an eye on global market trends, economic data releases, and corporate earnings announcements as they navigate the expected volatile session today.
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