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The Indian Index of Industrial Production (IIP) growth has declined to 4.8% in the fourth quarter of FY2026, compared to 5.3% in the previous quarter, primarily due to slower growth in manufacturing output, despite improvements in the electricity and mining sectors.
Hariprasad K, a SEBI-registered Research Analyst and the Founder of Livelong Wealth, stated that Indian markets are expected to open on a positive note, with Gift Nifty predicting an opening around 24,110. This indicates some early resilience in domestic equities, even as global cues remain mixed and somewhat precarious.
Currently, Gift Nifty is at 24,090, indicating a flat opening.
In the U.S., markets experienced a pullback, with both the S&P 500 and Nasdaq Composite closing lower after retreating from recent record highs. The drop was mainly driven by concerns over growth in the technology sector, particularly regarding AI, which has impacted global risk sentiment, especially for tech-heavy indices.
Asian markets are currently reflecting this uncertainty with a mixed opening.
