TCS

Pre-Opening

Indian markets are likely to open on a weak note on April 23, despite earlier positive way from GIFT Nifty. After trading around 24,226, GIFT Nifty has fallen sharply to near 24,121, indicating a gap-down start for Sensex and Nifty. On April 22, markets ended their three-day winning streak, declining nearly 1% due to heavy selling in IT stocks and ongoing geopolitical concerns. The current negative sentiment is driven by rising crude oil prices, continued FII outflows, and global uncertainties. Global cues remain mixed. Asian markets have slipped from early gains, with Japan’s Nikkei turning negative, while South Korea’s KOSPI stays near highs. Meanwhile, U.S. markets remain strong, with the S&P 500 and Nasdaq hitting record highs. Overall, sentiment is cautious, and volatility is expected in today’s session.