Indian equities are set for a cautious start on Tuesday as GIFT Nifty traded 155 points lower at 22,103, indicating a weak opening for the benchmark indices. Concerns over continued FII selling, US tariff impositions, and geopolitical tensions continue to weigh on sentiment.
- Resistance levels: Nifty could face hurdles at 22,300, while a decisive move above 22,500 may confirm a short-term bottom reversal.
-
Support levels: In case of further downside, 21,800-21,700 could act as the next support zone.
Global cues:
-
US markets ended sharply lower, with the Dow Jones falling 1.48 per cent, S&P 500 down 1.76 per cent, and Nasdaq dropping 2.64 per cent, following tariff concerns.
-
Asian markets opened mixed, tracking Wall Street’s losses, as worries over trade policies and global growth persist.
-
Gold prices remained steady as investors assessed potential inflationary pressures from US tariffs.
FII/DII activity:
-
FIIs continued their selling spree, offloading shares worth Rs 4,781 crore on Monday.
-
DIIs provided strong support, buying equities worth Rs 8,790 crore.
Currency check:
Market sentiment remains fragile, with traders closely monitoring global developments and institutional flows for further cues.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
