Indian benchmark indices Sensex and Nifty are likely to open weak on Friday, with GIFT Nifty trading with mild losses despite a recovery in Asian markets. Global equities remained volatile following the resignation of Nvidia CEO Jensen Huang, which raised concerns over the outlook for the artificial intelligence industry. Technology stocks across Asia rebounded and US stock futures edged higher, but overnight losses on Wall Street and uncertainty surrounding Nvidia's leadership transition may weigh on domestic sentiment.
GIFT Nifty was trading at 25,230 around 7:50 am, down 70 points, or 0.28 percent, signalling a subdued opening for Indian equities. In the previous session on Thursday, the Sensex gained 31.61 points, or 0.04 percent, to close at 81,911.01, while the Nifty advanced 44.30 points, or 0.18 percent, to 25,299.35. Foreign institutional investors bought equities worth Rs 7,830 crore, while domestic institutional investors sold shares worth Rs 6,331 crore.
Asian markets rebound as KOSPI jumps over 2%, Nikkei gains 1.4%
Asian equities advanced on Friday as investors returned to technology stocks following a turbulent week dominated by uncertainty surrounding Nvidia's leadership. The recovery came as investors assessed whether the leadership crisis at Nvidia would have lasting implications for the broader technology sector.
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