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Indian markets forecasted to rebound as GIFT Nifty indicates positive opening

EditorNatashya Angelica
Published 2024/01/24, 05:08
© 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.

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