The domestic market benchmark indices are anticipated to have a muted opening on Friday's trade with GIFT Nifty down 5.95 points from Thursday's close on Nifty Futures amid weak global cues.
In contrast, US equity futures exhibited gains, with investors gearing up for the resumption of cash trading after the Thanksgiving holiday, as reported by Bloomberg. Shares in Australia, Japan, and South Korea all experienced drops.
Analysts pointed out that the market was further pressured by substantial losses in sectors like IT, automotive, and consumer durables, which were amplified by rising geopolitical tensions.
Sensex closed down 1,190.34 points, or 1.48%, settling at 79,043.74. Throughout the day, it saw a drop as steep as 1,315.16 points, reaching a low of 78,918.92.
This selling pressure reflects the cautious sentiment among investors amid current global uncertainties. The Nifty 50 fell 360.75 points or 1.49% to 23,914.15.
The domestic market benchmark indices are expected to open on a subdued note in Friday's trade, as indicated by GIFT Nifty, which is down 5.95 points from Thursday’s closing on Nifty Futures.