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#MarketsWithMC | GIFT Nifty falls, signals gap down start for Sensex, Nifty; Asian markets subdued, FII selling weighs - Indian indices likely to open lower on Thursday. - Softer US inflation reduces Fed rate hike expectations. - Brent crude below $100 offers some relief. Shaleen Agrawal with more details…
Stock market today: Gift Nifty signals a gap-down start for Sensex today and Nifty today on 1 October as US bond yields, crude oil and FII selling weigh.
GIFT Nifty points to a weak opening for Sensex and Nifty, with heavy FII selling, elevated global bond yields and subdued Asian markets weighing on the setup. Softer US inflation, reduced expectations of a Fed rate hike and Brent below $100 provide some counterweight.