Markets Open Weak: Nifty, Bank Futures Slip; Swiggy Shares Decline Post Results

Indian markets began the day on a subdued note, with benchmark indices and sectoral futures trading lower in pre-open. The weakness reflects investor caution ahead of key macroeconomic announcements and corporate earnings.

Key Highlights:

• Nifty 50 Futures: Down 0.48% in pre-open trade, signaling a weak start.
• Nifty Bank Futures: Declined 0.26%, reflecting pressure on financial stocks.
• Nifty 50 Index: Fell 0.67% in pre-open, indicating broad-based selling.
• Swiggy Shares: Dropped after quarterly results, weighing on sentiment in consumer-tech space.
• Market Mood: Investors remain cautious amid global volatility and domestic earnings season.

Analysts suggest that the decline in Swiggy shares post-results added to the cautious tone, while broader indices mirrored global market trends. The pre-open weakness points to a potentially volatile trading session, with investors closely watching corporate earnings and international cues.

Sources: Reuters, NSE Data, Economic Times