Indian equities on the weekly expiry day are set to start on a negative note as indicated by GIFT Nifty. At 8:10 am, the GIFT Nifty futures traded lower by 0.15 per cent at 25,010. The equity indices in the domestic markets will mirror the Asian markets which are down as semiconductor major Nvidia posted losses.

When the market darling Nvidia came up with its results yesterday it disappointed both in respect of the guidance of revenue as well as margins.

Global markets

US indices ended weak, with NASDAQ suffering the most cut of over 1 per cent

Asian markets also largely traded with Singapore’s Straits Times and Jakarta Composite in the green.

While the MSCI’s broadest index of Asia Pacific shares outside Japan was also mildly in the negative.

How are the Indian equities expected to perform today as markets are at record high?

The experts anticipate some degree of profit booking at life highs with heightened volatility on the monthly expiry day. Zee Business Managing Editor suggests to buy Nifty at 24,875 and 24,975, while if 25,150 levels are breached we may expect a sharp run-up, he added.