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GIFT Nifty:
Trading of Nifty 50 index futures on the GIFT Nifty indicates that the Nifty could slide 210 points at the opening bell.
Global markets:
Overseas, Asian stocks are trading lower on Wednesday, with Hong Kong and South Korea leading losses after China’s fourth-quarter gross domestic product growth missed estimates. The country’s economy grew by 5.2% in the October to December period last year, China’s National Bureau of Statistics said Wednesday. GDP climbed 5.2% for the whole of 2023.
U.S. markets dropped on Tuesday as bond yields ticked higher and Wall Street pored through the latest batch of fourth-quarter earnings. Federal Reserve Governor Christopher Waller indicated in a speech that the central bank could ease monetary policy slower than anticipated.
Domestic markets:
Back home, domestic equity benchmarks closed lower on Tuesday, ending a five-day winning streak with the Nifty50 closing below 22,050. The...
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