D-St set for a cautious opening as GIFT Nifty signals muted start
Reported by Economic Times Markets, not nibnow. We are not the publisher of this story, only the source is.
The drop in major Indian indices and a weakening rupee could affect investment returns and purchasing power for market participants, as highlighted by the recent decline linked to higher crude prices and global weakness.
Benchmark indices experienced a decline on Friday due to high Brent crude oil prices and global market weakness. Nifty was noted to face immediate resistance at 22,850 levels, with previous week's high acting as a hurdle. The rupee fell against the dollar for the second consecutive day, impacted by rising crude prices. Foreign portfolio investors were net buyers, while domestic institutional investors also increased their holdings.
- •Whether the Nifty can break the 22,850 resistance level
- •Further movements in the rupee against the dollar amid oil price changes
- •Changes in foreign and domestic institutional buying or selling trends