Nifty likely to open down; UltraTech to report earnings today

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26 Aug, 2025 12:21

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Moneycontrol BureauNifty is likely to open slightly lower on back of weak closing on Wall Street and a negative start in Asian markets. SGX Nifty was trading at 7,898 level, down 17 points at 7:35 AM. On Friday, it was a day of consolidation on the Dalal Street with Nifty closing just below the 7,900 level. Key earnings to watch out for today would be of cement major UltraTech’s. The company’s topline is expected to be driven by volume growth. Globally, US markets ended last week on a mixed note with weak earning numbers from the technology sector. Europe, too, ended lower on back of sharp losses in auto and basic resource sectors.In global currencies, yen, which has been weakening in the last few months, gained on reports of Bank of Japan (BoJ) considering expanding its negative rate policy to bank loans. The report also suggested that BoJ is likely to cut rates further in its upcoming policy meet.In commodities, crude slipped even as US drillers continue to idle rigs amid global glut. Brent crude held onto USD 44 per barrel. In precious metals, gold traded at USD 1230 an ounce.