Get ready for a potentially volatile trading day as Indian benchmark indices, Sensex and Nifty, are likely to see a flat to negative start. This comes after the GIFT Nifty was trading lower at around 25,863.50, indicating a cautious opening for the day.
The market failed to build on the opening gains and ended on a negative note for the third straight session, amid mixed global markets post sluggish US jobs data, persistent FII outflow, and falling rupee amid delay in the potential India-US trade deal. At close, the Sensex was down 120.21 points or 0.14 percent at 84,559.65, and the Nifty was down 41.55 points or 0.16 percent at 25,818.55.
Asian stocks opened lower following US losses as global markets fell into a familiar, risk-off pattern with tech concerns weighing on stocks, and supporting shorter-maturity Treasuries and precious metals. Wall Street's main indexes closed lower on Wednesday, with the S&P 500 and the tech-heavy Nasdaq sinking to three-week lows as nagging worries about the artificial intelligence trade weighed on technology stocks.
After remaining net sellers for the last 14 sessions, the Foreign Institutional Investors (FIIs) turned net buyers on December 17 as they bought equities of Rs 1171 crore, while Domestic Institutional Investors (DIIs) bought equities of Rs 768 crore on the same day. Remember, this is just a perspective, not a prediction - do your own research before making any investment decisions.
Download the TradeKaizen app to practice F&O trading with real-time market data anytime, anywhere.
Get it on Google PlayConnect with fellow traders, share strategies, and improve your trading skills in our Telegram group.
Join Telegram