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Nifty Today Faces Cautious Start as Global Weakness Pulls GIFT Nifty Lower

Nifty may open below 24,100 on April 22 as GIFT Nifty drops 52 points and global indices trade weak after Wall Street rout.

Explosive Global Sell-Off Triggers Cautious Opening

Nifty today is likely to start lower on Tuesday, April 22, 2025, after GIFT Nifty futures slipped 0.22% in early trade, signaling global pressure on Indian equities. Traders are bracing for a cautious session as overnight losses in U.S. tech stocks and muted Asian trade dent investor sentiment.


GIFT Nifty Signals Soft Start Below 24,100

As of 06:37 IST, GIFT Nifty was trading at:

MetricValue
Level24,098.0
Change▼ -52.0 pts
% Move▼ -0.22%

The dip in GIFT Nifty suggests Nifty 50 could open in the 24,000–24,050 zone, with a negative bias in early trade.


U.S. Sell-Off Weighs on Global Indices

U.S. IndexClose (Apr 21)% Change
Dow Jones38,170.41▼ -2.5%
S&P 5005,158.20▼ -2.4%
Nasdaq15,870.90▼ -2.6%

The sharp U.S. decline — led by tech and banks — has created a global risk-off mood, spilling into emerging markets.


Asia-Pacific Market Overview: Mixed Reaction

IndexStatus (Early)% Change
Nikkei 22534,304.45▲ +0.07%
Kospi2,483.07▼ -0.21%
Taiex18,891.92▼ -1.12%
Hang SengYet to open

Indian markets may underperform peers like Japan but show resilience compared to Taiwan’s steep early drop.


Sectoral Outlook: What to Watch in Nifty Today

Likely Weakness:

  • IT & Tech: Track Nasdaq; Infosys, Wipro, TCS may extend losses.
  • Banks: Cautious tone expected after recent global yield concerns.
  • Exporters: INR volatility and global demand worry could hurt autos, pharma.

Defensive Support:

  • FMCG & Consumption: May offer stability amid global uncertainty.
  • Energy & Oil: Watch Reliance and ONGC on crude price fluctuations.

  • FIIs turned net sellers over the past week, possibly extending pressure today.
  • No major earnings or data releases expected from the Indian side, leaving direction to global handover.
  • INR/USD movement will be closely tracked after dollar strength overnight.

Nifty 50 Technical Outlook: Levels to Watch

Technical LevelValue
Opening Range24,000–24,050
Immediate Support23,950
Resistance Zone24,200–24,250

Intra-day trend may remain sideways to weak unless there’s recovery in global or European futures.


Final Word on Today’s Nifty Trend

The Indian stock market is set for a subdued start, led by global pressure and no fresh domestic triggers. Nifty 50 could remain in a consolidation zone, with IT, banking, and export-heavy sectors weighing on early trade.

Investors will be closely watching whether GIFT Nifty stabilizes above 24,100, and whether Dow futures attempt a recovery during the session.


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