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Gift Nifty's Past Signals Prove True, What Does it Indicate for Friday's Market?
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GIFT Nifty Signals Friday Market Plunge After Thursday's 3% Drop
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News18
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19-03-2026, 19:23
GIFT Nifty Signals Friday Market Plunge After Thursday's 3% Drop
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Sensex and Nifty plunged over 3% on Thursday, wiping out Rs 12.86 lakh crore for investors.
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GIFT Nifty, down 0.58% or 133 points by Thursday evening, continues to signal market weakness.
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Rising crude oil prices (Brent at $113.34, up 5%) and Dow Future's decline add to market pressure.
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Foreign Portfolio Investors (FPIs) have sold shares worth Rs 52,704 crore this month, breaking 17-month records.
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Experts warn of continued sell-off due to geopolitical tensions, high crude prices, and weak earnings forecasts.
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