Sensex Slips 100 Points, Nifty Tests 25,550 as Global Weakness Weighs; Infosys Down 1%.
Indian equity markets are poised to open lower on Friday, mirroring global market weakness. GIFT Nifty futures indicated a cautious start, trading 49 points down at 25,607 at 6:45 AM.
Global Market Trends
Investors are awaiting key macroeconomic updates, including Euro Area inflation data and US import-export figures. Domestically, participants will focus on bank loan growth and foreign exchange reserve data for market cues. Asian markets traded lower, following Wall Street’s overnight decline amid renewed banking sector concerns and rising US–China trade tensions. Japan’s Nikkei 225 fell 1%, Australia’s S&P/ASX 200 dropped 0.6%, and South Korea’s Kospi was down 0.47%.
In the US, major indices ended lower, with the S&P 500 down 0.63%, the Nasdaq Composite declining 0.47%, and the Dow Jones Industrial Average losing 0.65% due to concerns over regional banks.
Comments are closed.