Indian equity markets are set for a weak start, with Gift Nifty indicating a decline of nearly 158 points to 23,332 ahead of the opening bell. During the pre-open session, benchmark indices witnessed significant selling pressure, with the Nifty 50 trading around 23,102, down over 300 points, while the Sensex fell nearly 425 points to 73,921.
Market sentiment remains cautious amid rising geopolitical concerns, elevated crude oil prices, and persistent foreign institutional investor (FII) selling. Technical analysts noted that the Nifty has been making a series of lower lows in recent sessions, with the latest intraday low recorded at 23,151, indicating continued weakness in the near term.
Among individual stocks, Ambuja Cements remained in focus after technical charts signaled a weak trend. Market experts highlighted that the stock is trading under pressure with a bearish chart structure, making it vulnerable to further downside if key support levels fail to hold.
Investors will closely monitor global market developments, crude oil movement, FII activity, and support levels around 23,100–23,150 for further market direction during the session.
