Gift Nifty Indicates a Muted Start for India Markets Amid Mixed Global Cues on July 29

Indian equity markets are likely to open on a subdued note, tracking mixed global cues. US futures were trading flat, while the GIFT Nifty slipped 0.13% to 24,676.

Gift Nifty Today

At 8:11 AM Gift Nifty was at 24,661.5, down by 0.19%, after opening at 24,638.5. This suggests a muted opening for Indian equities.

Asian Market Overview

Asia-Pacific markets traded mixed as investors awaited updates from the ongoing US-China trade talks and the US Federal Reserve’s policy decision due Wednesday.

Japan’s Nikkei 225 declined 0.61%, and the Topix fell 0.76%. South Korea’s Kospi slid 1.09%, while the small-cap Kosdaq remained flat. Conversely, Hong Kong’s Hang Seng rose 0.68%, and China’s Shanghai Composite inched up 0.12%.

Wall Street Insights

US stock futures remained flat on Monday despite fresh record highs for the S&P 500 and Nasdaq Composite. Futures for the S&P 500 and Nasdaq 100 were up about 0.1%, while Dow Jones Industrial Average futures added just 6 points.

FII, DII Data

Foreign Institutional Investors (FIIs) offloaded shares worth ₹5,876.76 crore, while Domestic Institutional Investors (DIIs) were net buyers of shares worth ₹6,599.19 crore on July 28, 2024, as per NSE provisional data.

Domestic Market Recap

Earlier on Monday, the NSE Nifty 50 ended the session 150 points, or 0.63%, lower at 24,680, while the BSE Sensex dropped 570 points, or 0.70%, to settle at 80,890.

Also Read: IDFC First Bank vs Yes Bank vs Axis Bank: Comparing Q1 FY26 Earnings Results!

Conclusion

Indian markets may face near-term volatility as global cues remain uncertain, with mixed signals from Asia and flat US futures. Heavy FII selling continues to pressure domestic equities, though DII buying offers some support. Investors may stay cautious ahead of the US Fed meeting outcome and trade negotiations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.