๐ GIFT Nifty signals weak start for Dalal Street
The GIFT Nifty traded lower by 162.5 points, signaling a potentially negative opening for Dalal Street on Thursday. This bearish cue comes as Nifty rose 0.5% on Wednesday, supported by broad-based buying activity. Foreign institutional investors bought shares worth Rs 1,617 crore, while the rupee fell to 95.73 against the US dollar. Analysts predict Indian equities may continue their gradual upmove due to positive geopolitical sentiment. Key near-term drivers will remain West Asia developments, Brent crude movements, and global cues. ๐