Nifty50 set for negative start as Asian markets sell off tech stocks

Indian stock markets are poised for a negative opening Friday as weakness in Asian equity markets, particularly in the technology sector, dampens investor sentiment across the region. GIFT Nifty futures have indicated a lower open for the Nifty50 index, suggesting the benchmark may struggle to find immediate support at the start of the trading session.

Across Asia, markets have slipped into negative territory during early trading, driven primarily by a broad-based selloff in technology stocks. The sector weakness has rippled through regional indices, creating headwinds for investor confidence and triggering a risk-off sentiment among traders ahead of the Indian market open.

The anticipated weakness in domestic indices follows the recent volatility in global technology stocks, which have faced mounting pressure amid shifting valuations and broader macroeconomic concerns. Investors are likely to remain cautious as they assess the implications of the Asian market decline on Indian equities.

Market participants will be watching for any recovery attempts during the day's trading, though the initial momentum appears tilted toward the downside. The GIFT Nifty readings suggest that opening bell weakness could set the tone for early session trading across the major indices.