GIFT Nifty Implies Positive Open; Coal India, Swiggy, Tata Steel Shares In Focus
The GIFT Nifty was trading 0.06% or 14.50 points higher at 24,721.00 as of 6:35 a.m., which implied a positive open for the benchmark Nifty 50 index.
Traders will monitor Coal India Ltd., Swiggy Ltd., Tata Steel Ltd., ITC Ltd., and Godrej Properties share prices.
Indian stock markets snapped a four-month rally to end July in losses as simmering trade tensions with the US triggered a risk-off sentiment and caused a flight of foreign capital. Both the Nifty 50 and BSE Sensex shed 2.9% this month.
The Nifty settled 86.7 points or 0.35% lower at 24,768.35 on Thursday, when monthly futures contracts expired. The BSE Sensex lost 296.28 points or 0.36% to close at 81,185.58.
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