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Indian markets signal weak start as GIFT Nifty trends lower amid mixed global cues
GIFT Nifty pointed lower, indicating a cautious start for Indian markets as global sentiment softened ahead of domestic macro data and US inflation releases.
Indian equity benchmarks are set for a softer start on November 11 as GIFT Nifty futures traded lower, mirroring cautious sentiment across global markets. Investors awaited key domestic macroeconomic data and US inflation readings due later this week. Asian indices opened flat, while oil prices steadied after recent gains. Market participants expect limited intraday movement following last week’s rebound.
Defensive stocks in FMCG and utilities are likely to see selective buying, whereas banking and IT counters may witness mild profit-booking ahead of inflation data releases.