GIFT Nifty Falls 0.22% as Global Sentiment Turns Risk-Off
GIFT Nifty trades at 24,098 with a 52-point drop as of 06:37 IST, suggesting a weak start for Indian equities on April 22.
Key Highlights:
Explosive 52-Point Dip Signals Cautious Indian Market Open
GIFT Nifty is signaling a weak start for the Indian equity market on Tuesday, April 22, 2025, after a volatile handover from global markets. At 06:37 IST, GIFT Nifty Futures were trading at 24,098, down 52 points (-0.22%), mirroring overnight declines in the U.S. and early weakness in Asia.
GIFT Nifty Futures Snapshot – April 22, 2025
| Metric | Value |
|---|---|
| Live Price | 24,098.0 |
| Change (Points) | ▼ -52.0 |
| Change (%) | ▼ -0.22% |
| Time (IST) | 06:37 AM |
This soft start suggests Nifty 50 and Sensex may open under pressure, particularly in large-cap tech, IT, and banking names.
Global Cues Driving Weak Sentiment
| U.S. Index | April 21 Close | % Change |
|---|---|---|
| Dow Jones | 38,170.41 | ▼ -2.5% |
| S&P 500 | 5,158.20 | ▼ -2.4% |
| Nasdaq Composite | 15,870.90 | ▼ -2.6% |
A sharp decline on Wall Street—especially in tech—has triggered risk aversion across emerging markets. The impact is visible in today’s GIFT Nifty futures, which have replaced SGX Nifty as the global benchmark for pre-open cues.
Asia-Pacific Market Overview
| Index | Status (Early) | % Change |
|---|---|---|
| Nikkei 225 | 34,304.45 | ▲ +0.07% |
| Kospi | 2,483.07 | ▼ -0.21% |
| Taiex | 18,891.92 | ▼ -1.12% |
| Hang Seng | Yet to open | — |
Despite Japan’s marginal gain, Taiwan and Korea show early losses, reinforcing the risk-off environment in Asian equities.
What’s Impacting GIFT Nifty Today?
- Tech-Driven Sell-Off – U.S. tech weakness may drag Indian IT and digital services stocks.
- Global Volatility – No signs yet of recovery in global futures; cautious tone persists.
- FII Activity – Institutional selling may continue after recent outflows from emerging markets.
- Lack of Domestic Triggers – With no major earnings or policy updates due today, global cues will dominate.
How Indian Markets May React
Given the 0.22% decline in GIFT Nifty, Nifty 50 could open in the 24,000–24,050 range, with potential tests of intraday support if early sentiment remains weak. Traders may look for cues from banking stocks, Reliance, and heavyweight IT counters.
A turnaround would require support from European futures or intraday recovery in Dow/Nasdaq futures.
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