Indian Markets Tumble as Global Tech Sales Drop

The stock market in India is expected to open lower this Friday, following a decline on Wall Street and across Asia.

Key Drivers

• Tech Stocks – A major component of the Indian index, tech shares have already lost more than 12 % this year.
• US Inflation Concerns – Investors fear the upcoming U.S. inflation report could push interest rates higher, hurting technology companies.
• Nasdaq Decline – The Nasdaq Composite fell over 2 % overnight as traders nervously await U.S. data.

Recent Market Movements

• US Job Report – A stronger jobs report in January has made it harder for the Federal Reserve to lower rates soon.
• Indian Tech Shares – Infosys and Wipro on U.S. exchanges dropped 10 % and 5 %, respectively, amid global tech selling.

Inflation Update

• Retail Inflation – Climbed to 2.75 % in January, the first time it has reached the central bank’s target range after five months of higher inflation.
• Revised Data – The new figure is based on a revised dataset released by the government last week.

Analyst Outlook

• Global selling in technology stocks has shaken confidence.
• The market may stay weak for a while as investors await further clues about U.S. monetary policy.

What to Watch

• Tech Sector – Keep an eye on its performance.
• U.S. Inflation Report – Its outcome could shift interest rates and impact global markets.