Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty futures on the NSE IX were down 14.5 points, or 0.06%, at 23,028, signalling a muted opening for Dalal Street on Friday. Analysts expect sustained buying in the next session to open the door for further upside towards 23,100. Failure to sustain the momentum could, however, lead to consolidation in the 22,650–22,950 range.
Sensex Today | Nifty 50 | Stock Market Live Updates: GIFT Nifty signals a muted start; Asian shares trade lower
In short
GIFT Nifty futures slipped 14.5 points, or 0.06%, to trade at 23,028 on the NSE IX, signaling sluggish initial trade. This softer tone aligns with declining performances across Asian stock exchanges on Friday morning. If buyers fail to defend higher levels, analysts expect the market to consolidate between 22,650 and 22,950.
Key points
- Sustained buying during the session is required to open an upside move toward 23,100.: Sustained buying during the session is required to open an upside move toward 23,100.
- Weak cues from broader Asian markets are dampening the initial domestic market sentiment.: Weak cues from broader Asian markets are dampening the initial domestic market sentiment.
- The market faces a potential period of consolidation if current upward momentum fails to…: The market faces a potential period of consolidation if current upward momentum fails to hold.