Nifty 50 Set to Open Sharply Lower Today Amid Nasdaq Crash, Asian Market Selloff
Key Highlights:
After a trading holiday on 10 April 2025 for Mahavir Jayanti, Indian equity markets return today to face a sharply negative global setup. The Nifty 50, which last closed at 22,641.65, is expected to open 250–300 points lower as global risk sentiment deteriorates.
Asian markets have turned red, and the U.S. tech-heavy Nasdaq Composite plunged 737 points (-4.31%) overnight. That, coupled with profit-taking in global equities, has triggered a broad-based risk-off environment.
Global Market Cues
| Index | Change (%) | Closing Value |
|---|---|---|
| Nasdaq | -4.31% | 16,387.31 |
| Dow Jones | -2.50% | 39,593.66 |
| Nikkei 225 | -5.12% (live) | 32,837.45 |
| KOSPI | -1.60% (live) | 2,406.04 |
| Hang Seng | -2.06% (projected) | ~20,600–20,700 |
| SGX Nifty | -1.3% (indicative) | ~22,350 (approximate) |
Nifty 50 Pre-Market Prediction
- Expected Opening Range: 22,300–22,400
- Likely Gap-Down: -250 to -350 points
- Volatility Alert: First hour may see heavy selling and possible short-covering bounce
Key Technical Levels
| Type | Value |
|---|---|
| Previous Close | 22,641.65 |
| Support 1 | 22,350 |
| Support 2 | 22,180 |
| Resistance 1 | 22,600 |
| Breakout Level | 22,780 |
A fall below 22,350 could increase downside momentum, possibly testing 22,180 intraday. A reversal will require reclaiming 22,600–22,700 levels quickly.
What’s Weighing on Sentiment?
- Nasdaq Tech Crash:
- Global tech stocks are under pressure after major profit-taking on Wall Street.
- Indian IT giants like TCS, Infosys, HCL Tech may see 2–4% decline at open.
- Asian Market Weakness:
- Nikkei down over 5% in early trade, KOSPI and Hang Seng in red
- India is expected to mirror this trend at the open
- U.S. Inflation Shock:
- Higher-than-expected CPI data has delayed hopes of Fed rate cuts
- Rising U.S. yields weigh on global risk appetite
- Holiday Lag Effect:
- Indian markets didn’t react to Thursday’s global events due to Mahavir Jayanti holiday
- A strong catch-up selloff is now expected
Sector Outlook Today
| Sector | Likely Trend |
|---|---|
| IT & Tech | Likely to fall sharply; global tech under pressure |
| Banks | Weak; may track global financials lower |
| Auto & FMCG | Relatively resilient; investors may rotate into defensives |
| Infra & Metals | Mixed reaction; focus on global commodity cues |
FIIs, SGX Nifty & Currency Watch
- FIIs had turned buyers in recent sessions, but sentiment may reverse
- SGX Nifty signals a fall of 250+ points
- USD/INR expected to open slightly stronger as global risk appetite dips
Expert Commentary
“We may see a strong gap-down, but the key will be whether 22,300 holds. If Nifty stabilizes post-open, it can stage a modest recovery intraday,”
— Rajiv Mehta, Technical Analyst, Angel One
“IT and banks will lead the decline. Traders should wait for the dust to settle before deploying capital today,”
— Smita Dalal, Equity Research Lead, Motilal Oswal
Prepare for a Volatile Open
The Nifty 50 is poised to react to two days’ worth of global news in one volatile session. A sharp gap-down open is almost certain, but intraday stabilization cannot be ruled out. Traders should expect high volatility, especially in the first hour of trade.
Stay focused on 22,300–22,180 zone for signs of a bounce or breakdown.
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