Nifty set to open lower after sharp rally
In short
Nifty may open about 170 points lower after a strong rally. BusinessLine says Infosys ADR still ended higher even though Nasdaq sold off.
That points to a weaker start for Indian shares, but the brief gives no other market details.
What the reporting says
Nifty may lose around 170 points at the open after a sharp rally, with BusinessLine noting that Infosys ADR ended higher despite a selloff in Nasdaq. The source points to mixed cues from global tech trading, with Infosys standing out against the broader weakness. The brief implies a weaker start for Indian equities, but gives no further market or stock-level details.
Why it matters
Nifty is expected to open around 170 points lower after a sharp rally, with the only cited external cue being Infosys ADR finishing higher even as Nasdaq sold off. The move matters for Indian equity traders because it signals a softer opening tone for the market.