NIFTY50, SENSEX today: Wall Street cues, FII activity, key things to know before markets open on July 8
Indian equity markets are expected to open lower following a global selloff in AI-related stocks and rising crude oil prices. The market decline is attributed to profit booking and geopolitical tensions in the Strait of Hormuz.
Asian shares were trading lower weighed down by a selloff in artificial intelligence related shares as market participants turned cautious about their expensive valuations. The Indian equity benchmarks are set to stage a gap down opening on Wednesday, July 8, as indicated by GIFT NIFTY futures. NIFTY futures at GIFT City in Gandhinagar dropped 198 points to 24,242 amid weak cues from Asian markets and spike in crude prices.
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