GIFT Nifty signals a subdued opening as global cues remain weak; US and Asian equities trade lower.

US markets closed sharply in the red on Thursday, with the Nasdaq slipping to its lowest level since November. Heavy losses in technology majors such as Microsoft and Amazon weighed on sentiment after Alphabet indicated that it may significantly ramp up capital expenditure on artificial intelligence amid intensifying competition in the sector. The broader S&P 500 index fell 1.23% to close at 6,798.40, while the Nasdaq Composite dropped 1.59% to 22,540.59. The Dow Jones Industrial Average also ended lower, declining 1.20% to settle at 48,908.72. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.