GIFT Nifty down 160 points; here's the trading setup for today's session
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Indian equities made solid gains on Monday, with the Nifty soaring by a record 917 points to close at 24,925 – a seven month high. Looking ahead, market participants will closely track the release of key inflation data—India’s CPI and the US Core CPI, both scheduled for Tuesday. Additionally, investors will watch quarterly results from major companies including Bharti Airtel, Tata Motors, among others which could drive sector-specific momentum. Analysts say positive momentum in Indian markets is likely to continue, driven by easing geopolitical tensions, progress on trade deals, and improving signs of economic stability. STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a negative start GIFT Nifty on the NSE IX traded lower by 160 points, or 0.64 per cent, at 24,915, signaling that Dalal Street was headed for negative start on Tuesday. Live Events Tech View: Nifty continues to sustain above a crucial moving average. Going forwar...