Global Markets on High Alert as Crude Oil Prices Plummet and Tech Stocks Soar

The global market is preparing for a volatile day of trading as crude oil prices plummeted by 5.17% to $96.64 per barrel, while tech stocks in the US continue to rally. The NASDAQ Composite jumped 1.68%, adding 436.30 points to close at 26,435.73.

The Dow Jones Industrial Average also posted gains, rising 0.61% or 316.14 points to 51,799.04. However, the E-Mini S&P 500 futures showed slight weakness, dipping 0.07% to 7,701.50.

In India, GIFT Nifty futures are trading at 23,338.50, down 21.50 points or 0.09% from the previous close of 23,360. This slight decline suggests that domestic indices may open with minimal gap-down or flat.