The GIFT Nifty, a potential indicator of how Indian equity indices, Sensex and the Nifty 50 indices are likely to begin trading, fell as much as 1,000 points in early ticks on Monday, April 7, indicating a possible start for the benchmark index near the March 4 lows of 21,964.
The Nifty 50 had made a recent swing low of 21,964 on March 4, before a 1,900 point recovery. As of Friday’s close, the index had given up 50% of that recovery.
Markets are reacting to the sell-off seen in the US markets on Friday, as the two-day rout took the overall market capitalisation erosion of over $5 trillion.
In response, US President Donald Trump said that while he does not want anything going down, sometimes medicines need to be taken to fix something.
The two major events this week for the Indian equity markets include the RBI Policy, which will be unveiled on Monday, while TCS will kickstart the fourth quarter earnings season on Thursday, April 10.
First Published: Apr 7, 2025 6:45 AM IST
