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Indian Markets Brace for Lower Open Amid Global Sell-off
15 Jan
Summary
- Gift Nifty indicates a weak start for Indian indices.
- US stock market closed lower due to financial stock selling.
- Sensex and Nifty 50 ended lower on Tuesday due to profit booking.
Indian benchmark indices, Sensex and Nifty 50, are anticipated to commence trading lower on Wednesday. This expected downturn follows a trend of negative global market cues, with Asian markets exhibiting mixed performance and the US stock market closing in the red.
The previous trading day saw Indian markets end with losses. The Sensex dropped by 250.48 points to 83,627.69, while the Nifty 50 settled 57.95 points lower at 25,732.30. This decline was attributed to profit-booking by investors concerned about US tariffs and ongoing foreign capital outflows.
Analysts maintain a cautious outlook, suggesting a 'sell-on-rise' strategy until the Nifty decisively surpasses the 26,000 level. Global market indicators, including the Dow Jones Industrial Average's fall of 398.21 points, contributed to the negative sentiment.
