D-St set for a negative opening as GIFT Nifty signals weak start
Indian stock markets are expected to open lower following a negative signal from GIFT Nifty and a broader risk-off sentiment in global markets. Investors are closely monitoring Q1 earnings reports and management commentary to gauge the near-term market trajectory.
Why it matters
Market performance in India is currently driven by corporate earnings, and global volatility could impact investor confidence and capital flows.
Domestic equities ended the week on a strong note, with Nifty rising 1.1% to close at 24,334 on Friday, driven by strong June-quarter earnings from index heavyweights across the IT and Financials sectors. Analysts say Indian equities are expected to witness a gradual uptrend next week, on the back of a strong Q1 earnings season so far, which is likely to remain the key driver of sectoral and stock-specific performance. With several index heavyweights reporting earnings over the weekend, investor focus will remain on management commentary and earnings reactions, which are expected to shape sectoral performance and define the near-term market narrative.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 52 points, or 0.21 per cent, at 24,297, signaling that Dalal Street was headed for a negative start on Monday.Tech View: In the near term, the index is likely…
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