D-St set for a negative opening as GIFT Nifty signals weak start

Indian markets are set for a negative opening, with GIFT Nifty trading lower by 139 points (0.58%) at 23,723.50. The weakness is driven by a tech-led selloff on Wall Street where the Nasdaq tumbled over 2%, rising oil prices with Brent crude near $98, and a stronger dollar. India VIX rose 1.4% to 13.48, while FPIs net sold shares worth Rs 2,999 crore on Wednesday against DII buying of Rs 2,947 crore.