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Gift Nifty Signals Weak Start for Indian Markets Amid Global Cues.
M
Moneycontrol•23-09-2026, 08:46
Gift Nifty Signals Weak Start for Indian Markets Amid Global Cues.
- •GIFT Nifty trades down 55 points at 23,345, indicating a weak opening for Indian benchmark indices on Wednesday.
- •Indian markets closed lower on Tuesday, breaking a four-day winning streak; Sensex fell 329.91 points, Nifty dropped 85.30 points.
- •US stock market saw mixed trading, but Nasdaq reached a record high for the second consecutive time, driven by AI enthusiasm.
- •Brent crude fell below $100 per barrel to $99.18, influenced by Saudi Arabia's supply restoration and US-Iran diplomatic hopes.
- •Experts suggest Sensex may trade between 74,000-75,000; Nifty has immediate support at 23,300 and resistance at 23,400.
Key Questions Answered
The GIFT Nifty signaled a weak start with a slight decline for Indian benchmark indices, trading down 55 points or 0.24 percent at 23,345 around 8 AM.
On Tuesday, the Sensex fell 329.91 points or 0.44 percent to close at 74,529.08, while the Nifty dropped 85.30 points or 0.36 percent to 23,329, breaking a four-day winning streak.
The Nasdaq Composite closed up 0.45 percent at 27,244.28, marking its second consecutive record closing high driven by strong performance in technology stocks.
