GIFT Nifty falls nearly 200 pts, signals weak start for Sensex, Nifty as Nasdaq crashes, Asian markets plunge
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Indian benchmark indices Sensex and Nifty are likely to open weak on Friday as GIFT Nifty fell 185 points.
- ✓Global markets plunged after the Nasdaq crashed more than 5 percent overnight.
- ✓Investors fear tighter artificial intelligence regulation.
Story at a Glance
- Category
- MARKET
- Reported By
- Moneycontrol
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
Market Mastery
Webinar by Vishal Malkan
Find the weak links
in your portfolio by Vishal Malkan
Indian benchmark indices Sensex and Nifty are likely to open weak on Friday, with GIFT Nifty trading with sharp losses amid a global equity market rout triggered by fears of tighter artificial intelligence regulation following the US midterm elections.
The Nasdaq plunged more than 5 percent overnight, while Asian markets witnessed heavy selling, with South Korea's KOSPI triggering a circuit breaker. A rebound in crude oil prices could add to the pressure, although sustained foreign institutional buying may offer some support to Indian equities after six consecutive sessions of gains.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
Moneycontrol
Read the full, original unfiltered story directly on the publisher's portal.