Archive · 29 Jul 2026
GIFT Nifty Signals Mixed Market Start Amid Global Tech Selloff
The GIFT Nifty is showing a mixed start for Indian markets on July 28-29, 2026.
This means the markets might open a bit lower or flat after a good day on Monday.
The reason is that technology stocks in Asia, like Samsung and SK Hynix, are falling a lot.
This is because people are worried about spending on AI and competition from Chinese companies.
Even though oil prices are going down, which is good for India, the fear about tech stocks is making investors careful.
Experts say the markets might be cautious but could go up if they pass a certain level.
Overall, it's a mix of good and bad news for the markets.
GIFT Nifty trades at 23,977.5, down 64.5 points or 0.27%, suggesting a muted start for Indian markets.
Asian markets, particularly technology stocks, experience a sharp selloff due to concerns over AI infrastructure spending and competition from Chinese semiconductor companies.
BSE Sensex surged 776 points to close at 76,835.78, while the Nifty 50 gained 228.50 points to settle at 23,995.95 on Monday.
Crude oil prices are falling, providing support to Indian markets by reducing inflationary pressures and the import bill.
Experts suggest that while geopolitical sentiment is improving, the tech selloff in Asia is likely to keep investor sentiment subdued.
- Who
- Indian and Asian investors, technology companies, and market analysts
- What
- GIFT Nifty signals a mixed start for Indian markets due to a tech selloff in Asia and improving geopolitical sentiment
- When
- July 28-29, 2026
- Where
- India and Asian markets
- Why
- Concerns over AI infrastructure spending, financing risks, and intensifying competition from Chinese semiconductor companies, along with improving geopolitical sentiment and lower crude oil prices
Optimistic View
Pessimistic View
Market Sentiment
Optimistic View
Improving geopolitical sentiment and lower crude oil prices provide a supportive backdrop for Indian equities.
Pessimistic View
Renewed volatility in global technology stocks and concerns over AI-related valuations keep investor sentiment subdued.
Technical Outlook
Optimistic View
A decisive breakout above the 24,000 mark could strengthen bullish momentum and pave the way for further gains.
Pessimistic View
The sharp correction in Asian technology stocks and the immediate support zone of 23,900-23,800 indicate potential downside risks.
- GIFT Nifty
- 23,977.5, down 64.5 points or 0.27%
- BSE Sensex
- 76,835.78, up 776 points
- Nifty 50
- 23,995.95, up 228.50 points
- KOSPI
- Down around 8%
- Samsung Electronics
- Down as much as 9.5%
- SK Hynix
- Down over 11%
- Nvidia
- Down nearly 5%
- Nikkei 225
- Down more than 3%
- Crude Oil Prices
- $81–82 per barrel
- India's IIP Growth
- 7.3% YoY in June 2026
- India VIX
- 12.44
