Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Indian markets forecasted to rebound as GIFT Nifty indicates positive opening

EditorNatashya Angelica
Published 2024-01-23, 10:08 p/m
Updated 2024-01-23, 10:08 p/m
© Reuters.

MUMBAI - After a sharp decline in the previous session, Indian markets are poised for a recovery today as the GIFT Nifty suggests a positive start. The futures index, which provides early indications of market trends, showed a slight increase to 21,258 points ahead of the market opening.

In the last session, the BSE Sensex experienced a significant drop, closing over a thousand points lower at 70,370.55. Similarly, the GIFT Nifty on the National Stock Exchange (NSE) ended the day with a substantial fall, landing at 21,238.80.

Investors and traders will be closely monitoring the market's performance today to see if the positive indication from the GIFT Nifty translates into a broader market recovery.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.