US stock futures are taking a sharp dive on Thursday morning, spurred by Meta Platforms' substantial 15% stock price plummet following a disappointing revenue outlook. While a sluggish volatility index hints at hopes for stability in the upcoming elections and geopolitical tensions, concerns linger over escalating conflicts in the Middle East, albeit tempered by a drop in oil prices. All eyes are on Friday's inflation report amid the Federal Reserve's data-dependent stance. In the Indian market, FIIs turned net sellers while DIIs made purchases. Attention is also focused on the release of Q4 earnings, with bullish sentiments prevailing for Nifty, Bank Nifty, and specific stocks like CUMMINS.
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