Indian markets poised for cautious opening as global tech sell-off dampens sentiment.

US stock indexes reached all-time highs during the week, buoyed by the Federal Reserve’s third consecutive rate cut and commentary some investors viewed as less hawkish than expected. However, concerns about technology valuations and returns on AI infrastructure spending weighed on the tech-heavy Nasdaq.

Indian equity benchmarks posted marginal losses this week amid sustained FII outflows and US-India trade uncertainty.

A Fed rate cut late in the week eased liquidity concerns and raised hopes of renewed FII inflows.

India-US Trade negotiations remained uncertain, and persistent foreign selling weakened risk appetite, pushing the rupee to a record low against the dollar.

FII positioning in India has reached historic lows, setting the stage for potential re-entry once US-India trade uncertainties resolve.

Asian markets opened lower as growing concerns over tech earnings and heavy AI spending dampened risk appetite.

The short-term trend of the Nifty turned positive as it closed decisively above its key short-term moving averages.

On the upside, 26202 remains a positional hurdle for the bulls, while the key support level has shifted upward to 25900.

Indian markets are poised for a marginally lower opening as global tech sell-off dampens sentiment.