Suche
Mein Konto
Nifty and Sensex start weakly amid global uncertainty
Gift Nifty Futures indicate a negative start for Nifty and Sensex. Mixed global guidance and declines in metals and pharma sectors impact Indian markets. Stay informed about developments on Tuesday.
Nifty and Sensex start weakly amid global uncertainty
Indian benchmark indices Nifty and Sensex are expected to post a negative start on Tuesday. This is due to mixed global guidance and declining Gift Nifty futures. In the previous trading day, Nifty and Sensex posted losses mainly due to declining stocks in metals and pharma sectors. The coming days will be of interest as key economic events lie ahead, including the release of US PCE inflation data, India's third quarter GDP and monthly derivatives expiry.
The Asian markets were already reacting to negative signals from the USA and trading inconsistently. Gift Nifty futures also fell, pointing to a timid opening for Indian indices. Traders are now eagerly awaiting the release of India's third quarter gross domestic product (GDP) and the expiry of derivatives contracts later this week.
The Nifty 50 of the National Stock Exchange (NSE) and the Sensex 30 of the Bombay Stock Exchange (BSE) registered a decline and closed at 22,122.05 and 72,790.13 points respectively. Apart from the economic developments, corporate news such as TVS Motor's launch of the TVS HLX variant HLX 150F and the proposed financial statement of Vodafone Idea's board are also attracting interest.
Global markets remain volatile, also due to uncertainties such as US Federal Reserve decisions and other economic indicators. Investors are encouraged to monitor developments closely and make informed decisions to minimize potential risks.