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Bloomberg Quint

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Image Credit: Bloomberg Quint

Stock Market Live: GIFT Nifty Implies Negative Open; Vedanta, Hindalco, Cipla, Lupin, Dr. Reddy's In Focus

  • Indian markets are expected to open lower due to weak global cues with the Nifty 50 likely to have support at 25,400 and resistance at 25,600.
  • Global markets, including Asia and the US, experienced declines following announcements by US President Donald Trump of tariffs on copper and pharmaceutical imports, leading to a negative sentiment in the markets.
  • The GIFT Nifty was trading down, indicating a negative open. Investors might focus on companies like JSW Steel, Tata Steel, Seamec, Dixon Technology, and Rail Vikas Nigam for news impact.
  • The Nifty 50 and BSE Sensex closed higher on the previous day, influenced by Kotak Mahindra Bank and HDFC Bank performance, amidst trade deal uncertainties between the US and India.

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