π GIFT Nifty signals a positive start for Indian markets π
Domestic markets saw profit booking after four straight gainers, with Nifty dropping 0.6% initially. GIFT Nifty traded higher by 128 points, or 0.52 per cent, suggesting a positive start for Dalal Street on Wednesday. Investors are closely watching US jobs data today and the RBI's monetary policy decision tomorrow. Global cues are supportive, backed by healthy domestic macro indicators and corporate earnings. The short-term trend is expected to stay sideways to positive if the index stays above 24,400.