US Market Plunge Threatens Nifty; Zomato and Jio Financial Services in Spotlight

Indian markets brace for a turbulent opening as GIFT Nifty futures plummet 147 points to 22,675, reflecting Friday's US market crash. Global concerns, including sticky US inflation, Trump's tariffs, and geopolitical tensions, weigh heavily on sentiment. Meanwhile, Zomato and Jio Financial Services are set to join the Nifty 50 index, replacing Britannia and BPCL, effective March 31. This move is expected to attract significant inflows, with Zomato potentially seeing $631 million and Jio Financial $320 million. Analysts warn of continued market choppiness, with key support levels at 22,700 and resistance at 22,850 for the Nifty index.

 

Sources: Business Standard, Financial Express, CNBC TV18