Key Highlights:
Gift Nifty Today: 29 April Slips Sharply as Global Cues Remain Volatile
Gift Nifty 50 Index Futures started lower on Tuesday, April 29, 2025, reflecting a cautious mood among investors amid mixed global signals. As of 6:31 AM IST, the Gift Nifty was trading at 24,436.0, down -33.5 points or -0.14%.
The weakness in Gift Nifty suggests a soft opening for Indian equities, mirroring the overnight drift in Nasdaq and broader global market caution.
Gift Nifty Live Snapshot
- Current Level: 24,436.0
- Change: -33.5 points
- Percentage Move: -0.14%
- Trend: Mildly negative
Key Factors Driving Gift Nifty Today
- Nasdaq and Tech Weakness: Global tech stocks under pressure after mild Nasdaq retreat.
- Cautious Risk Sentiment: Investors remain wary amid earnings season and macroeconomic uncertainty.
- Asian Market Trends: Other Asia-Pacific markets like Nikkei and KOSPI showing flat-to-weak trends.
- Currency Stability: INR remains stable, cushioning major declines.
Sectors to Watch at Indian Market Open
- Technology: TCS, Infosys, and Wipro could track Nasdaq softness.
- Banking: ICICI Bank and HDFC Bank may see range-bound opening.
- FMCG and Pharma: Defensive plays like Hindustan Unilever and Sun Pharma could attract interest.
- Energy: ONGC and Reliance may open mixed amid stable crude prices.
Who Will Be Affected
- Retail investors positioning for intraday trades.
- Index futures and options traders on NSE.
- Fund managers and FIIs tracking early global trends.
- Algo traders reacting to global volatility indicators.
What This Means for Traders
Today’s opening looks to be cautiously negative, offering range-bound trading opportunities initially. Stock-specific action will dominate based on earnings reports and sectoral trends.
Short-term traders are advised to maintain tight stop losses and stay nimble as volatility could rise during the session.
What Happens Next
Traders and investors will closely monitor:
- Gift Nifty movements throughout early morning sessions.
- Wall Street Futures performance during Asia trading hours.
- Indian earnings announcements scheduled during the day.
- Domestic macro updates including fiscal deficit and core sector data.
If Gift Nifty manages to recover above 24,450, the broader market may attempt stabilization by mid-session.
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