GIFT Nifty down 200 pts, signals weak start for Sensex, Nifty despite strong Asian, US cues; FII flows in focus
• The Sensex and Nifty are expected to open with a sharp gap-down on Friday after the GIFT Nifty dropped 200 points. • This downward trend follows a strong five-session market rally, suggesting that investors are engaging in profit booking despite positive cues from US and Asian markets. • Market sentiment remains cautious as domestic traders focus on Foreign Institutional Investor (FII) flows to determine the next direction.
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