GIFT Nifty signals muted start, indicating cautious opening for D-St.
Context
What happened: Benchmark indices declined on Friday, weighed down by high Brent crude oil prices and global market weakness. GIFT Nifty signaled a muted start ahead of the next session.
Key numbers: Nifty faces immediate resistance at 22,850. The rupee fell against the dollar for the second consecutive day.
Why it matters: Rising crude prices are pressuring the rupee and equities, with the previous week's high acting as a hurdle for Nifty. Foreign portfolio investors were net buyers, and domestic institutional investors increased their holdings.