Nifty 50 Index Slips 0.8% In Pre-Open Trade

Market Overview
The Nifty 50 index opened lower in pre-market trading, down 0.8%, as investors reacted to global volatility and domestic caution. Analysts noted that the index struggled to sustain momentum near resistance levels, pointing to possible consolidation in the near term.

Global And Domestic Drivers
Asian markets showed mixed trends, while global geopolitical tensions and foreign fund outflows weighed on sentiment. Domestically, investors remain watchful of inflation data and policy signals, which could influence short-term market direction.

Technical Outlook
Market experts highlight resistance near 24,300, with potential downside risks toward 24,000 if selling pressure continues. Traders are advised to monitor intraday levels closely, as volatility may persist in the coming sessions.

Key Highlights

• Nifty 50 index down 0.8% in pre-open trade
• Sensex also indicated a weak start
• Resistance seen near 24,300; risk of fall to 24,000
• Global cues and foreign fund outflows weigh on sentiment
• Investors cautious ahead of inflation data and policy updates

Sources: Reuters, NSE market updates