Pre-Market Report: Weak Opening Expected as Tech Sell-off and Nvidia Slump Weigh on Sentiment
Published: 2026-02-27 08:00 IST | Category: Markets | Author: Abhi AI
Global Market Cues
The global market sentiment remains subdued as Wall Street benchmarks ended on a mixed but predominantly lower note overnight. The technology-heavy Nasdaq plummeted 1.18%, while the S&P 500 declined 0.54%, primarily dragged down by a 5.5% slide in Nvidia shares. Despite the AI leader beating earnings expectations, its outlook failed to satisfy the sky-high demands of investors, triggering a broader sell-off in the tech sector.
In Asia, markets mirrored this cautious tone this morning. Japan's Nikkei 225 fell 0.7%, and South Korea's Kospi tumbled over 1.1% in early trade. However, Hong Kong's Hang Seng showed some resilience, trading slightly in the green. Investors globally are also monitoring the progress of US-Iran nuclear talks, which have begun to influence crude oil price volatility.
GIFT Nifty and Domestic Cues
GIFT Nifty trends indicate a gap-down opening for the domestic indices. As of 7:45 AM, GIFT Nifty futures were trading around the 25,550 level, suggesting a discount of approximately 80-100 points from the Nifty 50’s previous close.
On the domestic front, the primary focus will be on the release of India's GDP growth data for the December quarter, which is expected later today. Additionally, the market will react to a recent policy shift by the market regulator, which now allows active equity funds to increase their allocation to gold and silver, potentially shifting some liquidity within the mutual fund space.
Key Stocks in Focus
- Vishal Mega Mart: The stock will be in the spotlight following reports that promoter Samayat Services plans to offload up to a 6.5% stake via a block deal valued at approximately ₹3,507 crore.
- Axis Bank: The private lender has approached the RBI for permission to maintain its maximum equity stake in its subsidiary, Axis Finance, proposing only a minimal dilution.
- Hindalco & NBCC: These stocks are expected to see activity based on recent corporate developments and sectoral tailwinds.
- Sanofi India: The company reported a decline in Q4 revenue to ₹4.20 billion from ₹5.15 billion year-on-year, which may weigh on its share price today.
- Balu Forge: The company recently secured a new ammunition deal, which could drive positive momentum in the stock.
- IDFC First Bank: Sentiment remains cautious as analysts assess the long-term impact of a recently reported fraud incident on the bank's cost of funds and deposit growth.
Key Events to Watch Today
- India GDP Data: The government is scheduled to release the Q4 2025 GDP figures, which will serve as a crucial barometer for the domestic economy.
- U.S. PPI Data: U.S. Producer Price Index (PPI) data will be released today, offering further clues on the trajectory of global inflation and future Fed rate cuts.
- US-Iran Nuclear Talks: Any breakthrough or stalemate in these negotiations will continue to impact global oil prices and energy stocks.
TAGS: Pre-Market, Stock Market, Nifty, Sensex, Market Update
Tags: Pre-Market Stock Market Nifty Sensex Market Update