NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on July 8
Indian equity markets are expected to open lower following a global selloff in AI-related stocks and rising crude oil prices. The market decline is attributed to profit booking and geopolitical tensions in the Strait of Hormuz.
Why it matters
Market volatility and geopolitical instability in oil-producing regions directly impact global economic stability and investor sentiment.
Asian shares were trading lower weighed down by a selloff in artificial intelligence related shares as market participants turned cautious about their expensive valuations. The Indian equity benchmarks are set to stage a gap down opening on Wednesday, July 8, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar dropped 198 points to 24,242 amid weak cues from Asian markets and spike in crude prices.
The report provides factual market data and standard financial analysis without ideological bias.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in