Indian Stocks Anticipated to Open Lower Amid Global Tech Concerns
Indian stock benchmarks are predicted to open lower today, mirroring declines on Wall Street and in Asian markets. The Gift Nifty futures suggest the Nifty 50 will open below Thursday’s close.
- IT Sector Pressure: Information technology shares are expected to face continued pressure, driven by concerns surrounding AI disruption.
- Global Tech Dip: The tech-heavy Nasdaq Composite index fell over 2% overnight. U.S.-listed shares of Infosys and Wipro shed 10% and 5%, respectively.
- Inflation Data: Markets are eyeing U.S. inflation data, which could influence future interest rate decisions.
