Sensex, Nifty Likely To See Negative Open On Friday Amid Weak Global Cues; Gift Nifty Down Over 100 Points
As of 7:16 am, Gift Nifty was trading around the 25,561 level, down nearly 104 points from the previous close of Nifty futures, indicating a negative start for domestic equities.
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Pre-Market Update at 7:36 AM: The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Friday, tracking weak global cues. Asian markets traded mixed, while the U.S. stock market ended mostly lower overnight amid selling pressure in technology stocks.
As of 7:16 am, Gift Nifty was trading around the 25,561 level, down nearly 104 points from the previous close of Nifty futures, indicating a negative start for domestic equities.
Iran stated that nuclear negotiations with the U.S. moved forward “very intensely and very seriously” after a temporary pause in Switzerland. The third round of talks, mediated by Oman, began in Geneva on Thursday, signaling continued diplomatic engagement between the two nations.
On February 26, Foreign Institutional Investors (FIIs) were net sellers, offloading equities worth Rs 3,465.99 crore. Domestic Institutional Investors (DIIs) bought shares worth Rs 5,031.57 crore during the same session. FIIs have emerged as net buyers for February so far, with cumulative net buying of Rs 895.58 crore.
On Thursday, Indian markets ended a choppy session on a mixed note amid profit booking in select heavyweights. The BSE Sensex eased 27.46 points, or 0.03 per cent, to close at 82,248.61. The Nifty 50 settled 14.05 points, or 0.06 per cent, higher at 25,496.55.
The Securities and Exchange Board of India (Sebi) has revised valuation norms for physical gold and silver held by Mutual Fund schemes. Under the new guidelines, fund houses must use polled spot prices published by stock exchanges for valuation. The revised framework will come into effect from April 1, 2026.
The U.S. stock market closed mostly lower on Thursday, pressured by weakness in technology stocks after investors reacted cautiously to earnings from Nvidia.
The Dow Jones Industrial Average edged up 17.05 points, or 0.03 per cent, to 49,499.20. The S&P 500 fell 37.27 points, or 0.54 per cent, to 6,908.86, while the Nasdaq Composite declined 273.69 points, or 1.18 per cent, to 22,878.38.
Japan’s factory output rose 2.2 per cent in January from the previous month, missing the median estimate of a 5.3 per cent increase. A survey by the Ministry of Economy, Trade and Industry showed manufacturers expect seasonally adjusted output to decline 0.5 per cent in February and fall a further 2.6 per cent in March, indicating a weaker near-term outlook.
Gold prices steadied after the U.S. and Iran agreed to prolong nuclear talks. Spot gold was steady at USD 5,190 per ounce, while silver prices rose 0.62 per cent to USD 88.85 per ounce.
WTI crude oil futures steadied around USD 65 per barrel on Friday following a volatile session, as the U.S. and Iran agreed to continue nuclear negotiations next week.
For 27 February, Sammaan Capital remains on the F&O ban list.
Disclaimer: The article is for informational purposes only and not investment advice.