Amidst uncertain circumstances ahead of the Lok Sabha election results, Nifty and Sensex can open lower due to negative global signals.
GIFT Nifty futures showed a gap-down opening at 7:14 AM, closing 74 points down at 22,669.50.
The Dow Jones led the losses with a decline of more than 1%, while the S&P 500 and Nasdaq fell by 0.74 and 0.58 percent, respectively, as US markets ended the day lower.
Markets in the Asia-Pacific area faltered ahead of a barrage of economic data announcements. On Friday, South Korea, Japan, and China will all report their industrial production data. China will also issue its official May Purchasing Managers Index. Furthermore, Tokyo, Japan’s inflation figures will also be made
