Indian markets are set for a weak opening as Gift Nifty dropped more than 150 points. The decline follows sharp falls in artificial intelligence and semiconductor stocks across Asia. Mixed cues from Wall Street also weighed on sentiment.
Gift Nifty signals a weak start for Indian markets after a sharp global sell-off led by declines in AI and semiconductor stocks across Asia.
Profit booking, weak tech sentiment and mixed Wall Street cues weighed on markets.
Analysts maintain a positive near-term outlook for Nifty above key support levels.