Stock Market Updates: GIFT Nifty Signals Lower Start To Indian Equities; US, Asian Markets Fall

Sensex Today: Indian benchmark indices, Sensex and Nifty, are set for a weak start on Friday as a sharp sell-off in global AI stocks and mixed US labour market data weighed on sentiment. At 7:36 AM, GIFT Nifty futures were down 26 points at 26,205.

Global Cues

Overnight, Wall Street closed sharply lower: the Dow Jones slid 0.84 per cent, the S&P 500 dropped 1.56 per cent, and the Nasdaq plunged 2.16 per cent.

On the macro front, US unemployment ticked higher in September even as job additions exceeded expectations, leaving investors uncertain about the likelihood of another Federal Reserve rate cut in December.

Asian markets were also deep in the red, tracking Wall Street’s decline. Mainland China’s CSI 300 fell 1.16 per cent, Hong Kong’s Hang Seng

dropped 1.82 per cent, and South Korea’s KOSPI tumbled 3.12 per cent.

Japan’s Nikkei slipped 1.7 per cent after core inflation — excluding fresh food and energy — rose to 3.1 per cent in October from 3 per cent in September.