Sensex, Nifty 50 set for lower open as global markets signal caution on July 23

Sensex, Nifty 50 set for lower open as global markets signal caution on July 23

India’s benchmark indices, Sensex and Nifty 50, are poised for a lower opening on July 23, mirroring cautious global markets. The Gift Nifty, an offshore derivative, was trading at 23,882, a discount of 106 points from the previous close, indicating bearish sentiment. Analysts cite prolonged US-Iran tensions and its potential impact on energy prices and inflation as key drivers. The Economic Times reported that Sensex extended its losing streak to a fourth consecutive day, ending 364 points lower on July 22. Foreign institutional investors continued to offload shares, with Adani Enterprises and Shriram Finance among the top laggards. The market outlook remains cautious ahead of US Federal Reserve policy signals.