Nifty 50 Edges Lower in Pre-Open Trade Amid Mixed Global Cues

India's benchmark Nifty 50 index dipped 0.09% in pre-open trade on Wednesday, February 12, 2025, as investors remain cautious amid mixed global cues. The index faces key support at the 23,000 level, with immediate resistance at 23,200. Despite the recent sell-off, GIFT Nifty futures indicate a potentially positive start. Analysts suggest the market remains volatile, with concerns over US tariffs and FII selling continuing to weigh on sentiment. However, some experts see potential for a technical bounce given the oversold conditions. Investors are closely watching PM Modi's upcoming US visit for potential trade breakthroughs that could ease market tensions.

Sources: Moneycontrol, Economic Times, NDTV Profit