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GIFT Nifty hints at quiet start for markets; will Nifty, Sensex extend losses for fourth session?

In the previous session, FIIs extended their selling streak for the second straight session on Tuesday, offloading equities worth Rs 10,016 crore.

May 21, 2025 / 07:28 IST
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Overnight, Wall Street settled in the red.
Overnight, Wall Street settled in the red.

After taking a beating in trade in the previous session, Dalal Street is likely to see a muted start at the opening bell as indicated by GIFT Nifty. Global trade uncertainties, foreign investor selling, coupled with a weak earnings season are likely to weigh on investor sentiment.

At 7:10 am, the GIFT Nifty index was quoting 24,799.5, higher by a meagre 0.1 percent or 25 points.

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Overnight, Wall Street took a breather in trade, snapping the six-session winning streak seen in the S&P 500, while the tech-driven rally also fizzed out. All three key indices closed in the red, with the Dow Jones index slipping 0.27 percent, while the tech-heavy Nasdaq Composite and the broad-based S&P 500 sank 0.4 percent.

Benchmarks in Australia, South Korea and Hong Kong all climbed in trade. The KOSPI index rallied nearly one percent, while the Hang Seng index was higher by half a percent. In Japan, the Nikkei 225 and broader Topix index trimmed some morning gains to hover 0.1 percent above the flatline.