Dalal Street Faces Cautious Opening as GIFT Nifty Signals Decline
· Business · Economic Times, Moneycontrol
Indian equity benchmarks are set for a negative opening on Thursday as the GIFT Nifty on the NSE IX traded lower by 39.50 points. The Nifty recently slipped below the 24,300 mark, while the Sensex remained below 77,500 during Wednesday's session. Analysts expect the Nifty to consolidate within a range of 24,000 to 24,700 in the near term. While cooling Brent crude oil prices provided some support, geopolitical uncertainties continue to influence market sentiment. The India VIX, a measure of market volatility, fell 4.6% to settle at 10.56.
Why it matters
The cautious market sentiment and potential for a correction below 24,130 impact retail and institutional investors' short-term trading strategies in Indian equities.
Read the original report — Economic Times
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