1 month ago

GIFT Nifty Opens Lower, 72 Points Down Amid Global Uncertainty

GIFT Nifty Opens Lower, 72 Points Down Amid Global Uncertainty
GIFT Nifty Signals Muted Start for Indian Markets, Trades 72 Points Down Amid Mixed Global Cues · news18.com

The GIFT Nifty, a key Indian stock index, started the day a little lower, dropping 72 points.

This happened after a big jump the day before.

Traders were nervous because the U.S. kept its interest rates the same and said future changes would depend on data.

In Asia, Japan’s market went up while South Korea’s market fell a lot.

Big investors in India bought a lot of stocks, showing they still trust the market.

The news also mentioned worries about the Middle East and how much companies are spending on artificial intelligence.

All of these things made the market cautious.

Key facts

Opening level
24,230.5
Change
-72.5 points (0.30%)
US Fed rate
3.50%-3.75%
FIIs net purchase
Rs 2,982 crore
DIIs purchase
Rs 998 crore

Quotes

Ponmudi R

CEO of Enrich Money

“The 24,300-24,400 zone remains the immediate resistance as it coincides with the 200-day EMA. A decisive move above this range could pave the way for 24,500-24,600. On the downside, 24,150-24,000 is expected to act as the first support zone, while a break below 24,000 could trigger profit booking toward 23,900-23,800.”
news18.com

US President Donald Trump

President of the United States

“going to get a beating”
news18.com

Sources

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