What did Gift Nifty indicate?
Gift Nifty, an early indicator for the Nifty 50, indicated a negative start as it opened with a loss of 72.5 points at 23,635.50, compared to the previous close of 23,708. Foreign Institutional Investors (FIIs) remained buyers in the previous session and bought equities worth Rs 1,329.17 crore on May 15. However, Domestic Institutional Investors (DIIs) turned net seller and offloaded equities worth Rs 1,958.82 crore.
Asian Markets Today
Asian markets opened on a weak note on Monday as investors remain cautious after fresh escalation fears emerged in the Middle East. Japan’s Nikkei 225 was down by 522.29 points or 0.85 per cent at 60,887 at the time of writing the report. Hong Kong’s Hang Seng was down by 359.73 points or 1.39 per cent. However, South Korea’s Kospi traded in the green with a gain of 74.04 per cent at the time of writing the report. But Shanghai’s SSE Composite index was down 9.04 points or 0.22 per cent.
