Domestic markets bounced back sharply on Friday with indices closing with a second consecutive week of gains. In today's trade, markets will be reacting to the weak Q2 GDP data, which came at 5.4% against an expectation of 6.5%.

Gift Nifty (Earlier SGX Nifty) signals a muted to negative start

GIFT Nifty on the NSE IX traded lower by 36.00 points, or 0.15 per cent, at 24,359.00, signaling that Dalal Street was headed for muted to negative start.

Global markets

◦ S&P 500 futures fell 0.1% as of 9:15 a.m. Tokyo time

◦ Hang Seng futures rose 0.7%

◦ Japan's Topix rose 0.3%

◦ Australia's S&P/ASX 200 rose 0.2%

◦ Euro Stoxx 50 futures rose 1%

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