Indian equity markets continued their slide on Friday, marking a fifth consecutive losing session as global cues turned weak and geopolitical worries grew.
Market Overview
The major Indian indices closed lower, extending the recent downtrend. Traders are watching closely for the upcoming Q3 earnings of big IT firms such as TCS and HCL Tech, which could influence market direction.
GIFT Nifty Snapshot
- GIFT Nifty fell 18.5 points, or 0.07%, to 25,798.
- Technical outlook suggests further downside to the 25,500‑25,550 range.
- Resistance is seen around 25,850.
Global Cues
U.S. stocks hit record highs after mixed job data, hinting that the Fed might delay its next rate cut. Asian markets opened higher, buoyed by the same data. Oil prices rose as protests in Iran heightened concerns over supply disruptions.
FII/DII Activity
- Foreign portfolio investors sold shares worth ₹3,769 crore.
- Domestic institutional investors bought shares worth ₹5,596 crore.
Rupee Update
The rupee slipped 28 paise, closing at ₹90.18 per U.S. dollar, pressured by higher oil prices and continued foreign fund outflows.
What to Watch
- Q3 earnings from TCS and HCL Tech.
- Any new comments from the U.S. on trade policy.
- Oil price movements amid ongoing Middle‑East tensions.
Remember, this is just an overview, not a recommendation. Do your own research before making any investment decisions.