D-St set for a negative opening as GIFT Nifty signals weak start

Benchmark indices witnessed a decline from the day’s highs and closed near the day’s lows as the market remained volatile at the start of the new series. Continued global uncertainty and an intraday spike in Brent crude oil prices kept investor sentiment cautious. Analysts say a decisive fall below 22,600 for Nifty might trigger a sharper correction. On the other hand, if the index sustains above 22,600, it might witness a meaningful recovery.STATE OF THE MARKETSGIFT Nifty (Earlier SGX Nifty) signals a negative startGIFT Nifty on the NSE IX traded lower by 43 points, or 0.19 per cent, at 22,616.5, signaling that Dalal Street was headed for a negative start on Thursday.Tech View: Going forward, 22,600 is likely to act as a crucial support. A decisive fall below 22,600 might trigger a sharper correction.