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Indian markets retreat as global tech sell-off triggers cautious sentiment
Indian indices opened lower as global tech sell-off pressures sentiment, with Sensex down 560 points and traders watching inflation and earnings cues for stability.
Indian equity markets opened sharply lower on November 7, with the Sensex plunging 560 points and GIFT Nifty signaling persistent weakness amid a global tech sell-off. Investor confidence weakened after the S&P 500 fell over 1% overnight, dragging Asian indices lower. Market analysts attribute the decline to renewed concerns over inflated valuations in global technology stocks and potential capital outflows. Traders are monitoring inflation cues and quarterly earnings for direction. Broader market weakness continues to pressure key sectors including IT, financials, and energy.