Soft start on the cards
Indian markets are expected to open a bit lower Thursday. Nothing dramatic — just the kind of pre-market wobble that says traders are doing a quick vibe check before hitting the gas.
Why the shrug?
Two things are tugging on sentiment:
- U.S. inflation is still acting like that guest who won’t leave the party, keeping rate-cut hopes a little nervous.
- Nvidia’s flashy quarterly results and upbeat guidance are giving global tech a boost, but they’re not enough to fully offset broader macro jitters.
What this means for investors
This is less about one company and more about the market’s mood swings. When U.S. inflation is sticky, global risk assets tend to get a little twitchy. And when a mega-cap like Nvidia posts a strong report, it can light up tech screens everywhere — even if local markets are still trading their own macro soap opera.
Big picture: overseas markets don’t trade in a vacuum, and today India is getting a reminder that U.S. data and mega-cap earnings can still set the tone before breakfast.