Indian Stock Market Set to Open Lower on Weak Global Cues

The Indian stock market, represented by the Sensex and Nifty 50 indices, is poised for a lower opening today, in line with global market trends. The Gift Nifty indicates a gap-down start, trading around 21,800, nearly 260 points lower than the previous close. Yesterday, both indices closed lower for the fourth consecutive session, with the Nifty falling below 22,000. The Sensex ended at 72,488.99, down 454.69 points, while the Nifty settled 152.05 points lower at 21,995.85. Notably, the Nifty's long bear candle on the daily chart suggests a reversal of the previous session's minor upside bounce.







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