Indian equity benchmarks, BSE Sensex and Nifty 50, are likely to see a positive opening on April 24, tracking positive cues from GIFT Nifty, which is trading higher at around 24,230. On April 23, the Indian equity markets extended their losing streak for the second consecutive session, as lack of progress in US–Iran negotiations pushed crude oil prices above $100 per barrel, dampening investor sentiment. At close, the Sensex was down 852.49 points or 1.09 percent at 77,664, and the Nifty was down 205.05 points or 0.84 percent at 24,173.05.
Asian indices were trading mixed in early trade as investors remained cautious despite a three-week extension of the Israel-Lebanon ceasefire. US stocks fell in choppy trading on Thursday as hopes dimmed for a quick end to the Iran war. Foreign Institutional Investors (FIIs) extended their selling streak for a fourth consecutive session on April 23, offloading equities worth Rs 3,254 crore, while Domestic Institutional Investors (DIIs) purchased equities worth over Rs 900 crore.
