Mumbai, Feb. 3 -- GIFT Nifty:

The Nifty 50 is projected to open on a weak note, following a 174-point decline in the GIFT Nifty January 2025 futures contract.

Global cues were weak after President Donald Trump imposed trade tariffs on Canada, Mexico, and China over the weekend, marking the start of a new global trade war.

Institutional Flows:

Foreign portfolio investors (FPIs) sold shares worth Rs -1,327.09 crore, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 824.38 crore in the Indian equity market on 1 February 2025, provisional data showed.

According to NSDL data, FPIs have sold shares worth Rs 81903.72 crore in the secondary market during January 2025.

Global Markets:

The US Dow Jones index fut...