Sensex Dips 100 Points, Nifty Nears 25,550 as Infosys Shares Slide 1%

Sensex Opens Lower, Nifty Nears 25,550 Amid Global Weakness; Infosys Slides 1%.

Indian equity markets are set to open lower on Friday, following weakness in global markets. GIFT Nifty futures indicated a subdued start for benchmark indices, trading 49 points down at 25,607 at 6:45 AM.

Global Cues

Investors worldwide are awaiting key macroeconomic data, including Euro Area inflation numbers and US import-export figures, while domestic participants will monitor bank loan growth and foreign exchange reserves for further guidance.

Asian markets opened in the red, reflecting Wall Street’s overnight losses amid banking sector concerns and rising US–China trade tensions. Japan’s Nikkei 225 fell 1%, Australia’s S&P/ASX 200 slipped 0.6%, and South Korea’s Kospi dropped 0.47%.

In the US, major indices ended lower after renewed worries over regional banks. The S&P 500 declined 0.63%, the Nasdaq Composite fell 0.47%, and the Dow Jones Industrial Average lost 0.65%.