- 🇮🇳 Indian Market: Nifty opened weak and moved in a very narrow range as IT stocks dragged the market. 📉 Global tech shares fell on AI disruption fears, pushing the Nifty IT index down nearly 6% early on. 🤖 While AI upgrades signal long-term growth, short-term margin worries kept investors cautious. Going ahead, support from the India-US trade deal remains, with focus on global cues, crude prices, and Q3 earnings.
- 📊 Market Breadth: On the NSE, 2012 stocks ended in the green, while 911 stocks closed in the red.
- 🌍 Global Market: Wall Street ended sharply lower as fears of rising AI competition unsettled investors ahead of key earnings from Alphabet and Amazon. 📉 This weakness spilled into Asian markets, where tech stocks fell and money shifted toward cyclical sectors. At the same time, oil prices 🛢 inched higher after fresh US–Iran tensions at sea and in the air, adding to global uncertainty.
Market Update 📰:4-02-2026
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