Industry Odisha Bureau, Aug 27: Indian stock markets are expected to open lower on Friday amid mixed global cues. Gift Nifty was trading around the twenty-four thousand three hundred fifty-seven level. This represented a discount of nearly seventy-two points from Nifty futures’ previous close. The cautious opening signals reflect competing influences from Asian, American and technology markets.
Asian stock markets traded higher on Thursday as investors monitored China’s industrial profit data. Japan’s Nikkei two hundred twenty-five eased zero point three one percent during trading. The Topix index rose zero point two four percent, showing modest positive momentum. South Korea’s Kospi rallied one point seven six percent, indicating stronger regional sentiment. Hong Kong’s Hang Seng index futures suggested a muted opening for that market. These mixed Asian signals created uncertainty for Indian benchmark indices like Nifty.
Wall Street ended slightly lower on Wednesday after hotter-than-expected inflation and Nvidia results. The Dow Jones Industrial Average declined one hundred thirteen point five two points. The S&P five hundred eased one point five eight points to seventy-six seventy-five. The Nasdaq Composite declined twenty-one point one zero points to twenty-six thousand one. Persistent US inflation held steady at three point seven percent year-on-year. The Personal Consumption Expenditures Price Index remained well above the Federal Reserve’s target. This marked the sixty-fifth consecutive month above the Federal Reserve’s two percent target. Monthly PCE inflation was zero point two percent in July. These inflationary pressures influenced investor sentiment toward both American and global equities.
Nvidia reported strong second-quarter earnings that exceeded Wall Street’s expectations significantly. Revenue more than doubled from year-earlier levels to ninety-six point two billion dollars. Adjusted profit reached two dollars and twenty-two cents per share, surpassing analyst forecasts. Analysts had expected revenue of ninety-two point five billion dollars previously. The company forecast third-quarter revenue of one hundred eight billion dollars, plus. This guidance exceeded analysts’ average estimate of one hundred five point two billion. Nvidia shares jumped four point seven percent in extended trading after results. Strong Nvidia results typically influence sentiment toward artificial-intelligence and technology-related equities globally.
Crude oil prices extended their recent decline amid mixed energy-market conditions. Brent crude futures fell zero point five seven percent to eighty-seven dollars. WTI crude futures declined zero point four six percent to eighty-one dollars. Lower crude prices could provide some support to oil-importing economies like India.
Analysts recommend maintaining caution on the index and focusing on stronger sectors. Metal, auto and select banking stocks may warrant consideration for long positions. Disciplined risk management remains important given the mixed global equity-market environment. Indian investors will likely remain sensitive to global developments and monetary policy.
