Stock Market Info: GIFT Nifty, MegaCap Earnings, and Global Market Cues
The trading session is expected to begin on a cautious note as GIFT Nifty trades over 50 points below the previous Nifty Futures close, indicating a possible weak start for Indian markets. This comes amid mixed global cues following the U.S. Federal Reserve’s latest rate decision and key Big Tech earnings announced overnight. Global sentiment remains cautious, with traders closely monitoring central bank commentary and geopolitical developments.
Overnight MegaCap Earnings Recap
Three of the world’s largest technology giants — Alphabet, Meta, and Microsoft — reported quarterly results last night. While earnings beats were strong across the board, outlooks diverged sharply, creating turbulence in pre-market trading.
| Company | Stock Reaction | Highlights |
|---|---|---|
| Alphabet (Google) | +7% | Revenue crossed $100B for first time; Cloud +34%, Search +14% |
| Meta Platforms | -8% | Capex raised to $70–72B; higher AI spending hurts sentiment |
| Microsoft | -4% | Azure growth +39%; higher cloud spending weighs on outlook |
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Global Macro Snapshot
- U.S. Fed: The Federal Reserve announced a 25 bps rate cut, lowering the target range to 3.75–4%. Powell’s tone was cautious, emphasizing uncertainty about the December meeting.
- Europe: ECB meeting today; rates expected to remain unchanged amid weak Eurozone growth.
- Oil: Brent crude sees a modest uptick due to lower inventory levels.
- Trump–Xi Meeting: Markets await the outcome of high-level discussions expected to shape short-term trade sentiment.
Regional Impact: Asia and India
Asian markets opened mixed, led by strong earnings from Samsung but weighed down by Meta’s weak guidance and caution around U.S. monetary policy. Indian markets are likely to mirror this cautious tone, with GIFT Nifty indicating early weakness. Traders should expect volatility through the session as global investors rebalance positions after Fed commentary.
Foreign Institutional Investors (FIIs) were net sellers worth ₹2,540 crore in the cash segment, indicating short-term caution. However, domestic institutions continue to provide support, mitigating downside risk to an extent.
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Technical & Sectoral View
- Indices: Nifty and Bank Nifty remain technically strong; buying on dips continues to be the preferred strategy.
- Key Longs: Metals, Interest-rate sensitives, and IT sectors remain favored for accumulation.
- Key Shorts: Auto and capital market themes may stay under pressure due to near-term volatility.
Traders should keep positions light at the opening bell and add exposure gradually as intraday trends stabilize. The overall bias remains mildly positive on a positional basis.
Earnings at a Glance
| Company | Revenue | EPS | Commentary |
|---|---|---|---|
| Alphabet | $102.35B (vs est. $99.85B) | $2.87 (vs est. $2.26) | AI-led demand boosted Ads & Cloud |
| Microsoft | $77.67B (vs est. $75.55B) | $3.72 (vs est. $3.67) | Cloud strong; spending outlook cautious |
| Meta Platforms | Up 25% YoY | Not disclosed | Higher AI and infra spending raises concerns |
Investor Takeaway
Indian-Share-Tips.com Nifty Expert Gulshan Khera, CFP®, who is also a SEBI Regd Investment Adviser, observes that global markets are at a crossroads: easing monetary policy offers short-term relief, but rising capital expenditure among U.S. tech giants could limit liquidity flow to emerging markets. Indian equities, however, remain structurally strong. The preferred stance remains “buy the dip” in quality large-caps and focus on sectors benefiting from global recovery like IT, metals, and rate-sensitive themes. Discover more insights at Indian-Share-Tips.com, which is a SEBI Registered Advisory Services.
Related Queries
- Will Indian IT stocks gain from stronger U.S. cloud demand?
- How will Meta’s higher AI spending affect global tech sentiment?
- Can RBI follow the Fed’s rate cut path in the next policy?
- What sectors could lead India’s next bull phase?
SEBI Disclaimer: The information provided in this post is for informational purposes only and should not be construed as investment advice. Readers must perform their own due diligence and consult a registered investment advisor before making any investment decisions. The views expressed are general in nature and may not suit individual investment objectives or financial situations.
