Business · India Bureau
Indian markets poised for gains as Asian peers struggle with tech selloff
Indian equities are set to open on a positive note Friday, with GIFT Nifty signalling strength despite broader weakness across Asia driven by declines in artificial intelligence-linked stocks.
LSN India ·
The GIFT Nifty, which trades on the Singapore exchange ahead of the domestic market open, was indicating a higher opening for the Nifty50 index on Friday morning, suggesting a bullish sentiment among Indian investors.
The broader Asian market landscape presented a contrasting picture, with regional indices trading lower as technology and AI-focused stocks faced selling pressure. The pullback in high-growth tech shares has weighed on sentiment across major Asian exchanges, reflecting global investor caution around valuations in the artificial intelligence sector.
Domestic investors, however, appeared to be taking a differentiated view of the market, with domestic cues suggesting resilience in Indian equities. The positive GIFT Nifty signals indicated that Indian bourses may chart their own course despite headwinds affecting regional peers.
Market participants will be closely monitoring the opening bell to assess whether the positive signals from early trading will translate into actual gains when the National Stock Exchange and Bombay Stock Exchange commence their sessions. The divergence between Asian and Indian market indicators underscores the varied factors influencing investor sentiment across different regional markets.