GIFT Nifty Down 19 Pts on Jan 7, 2026: How Is the Indian Stock Market Likely to Open Today?

Indian equity markets are expected to open on a subdued note on Wednesday, tracking mixed global cues and weakness indicated by GIFT Nifty futures.

While record highs on Wall Street overnight may offer some support, cautious sentiment across Asia and declining crude oil prices could keep domestic benchmarks range-bound. Investors are also awaiting key inflation data from the Euro Area for further cues.

The GIFT Nifty futures suggested a lacklustre start for Indian equities. As of early morning trade, GIFT Nifty was down 19 points at 26,203.50. 

At around 06:53 AM, the futures were trading 53 points lower at 26,208.50, reinforcing expectations of a subdued opening.

Indian Market Recap: Previous Session

Indian equity benchmarks ended the previous session on a firm note, supported by positive global cues and selective buying across sectors.

However, market participants remained cautious amid lingering geopolitical developments and upcoming macroeconomic data, leading to restrained intraday movements.

Global Market Cues

Asia-Pacific markets traded mixed on Wednesday as investors digested regional economic data and global developments.

• Australia’s S&P/ASX 200: up 0.38% after November CPI rose 3.4% YoY, below expectations of 3.7%
• South Korea’s Kospi: up 1.89%
• Japan’s Nikkei 225: down 0.45%

The mixed performance reflects cautious optimism, with softer inflation data in Australia boosting sentiment, while weakness in Japan weighed on broader regional cues.

Wall Street Recap

US equity markets closed higher overnight, with key indices scaling fresh record highs as investor sentiment improved following recent geopolitical developments.

• Dow Jones Industrial Average: up 0.99% (record close)
• S&P 500: up 0.62% (record close)
• Nasdaq Composite: up 0.65%

US equity futures were largely unchanged during early Asian trading hours, indicating a pause after the recent rally.

Commodity and Currency Watch

Oil prices edged lower on Wednesday, extending recent weakness amid demand concerns.

• Brent crude: down 1.72% at $60.70 per barrel
• WTI crude: down 1.26% at $56.41 per barrel

Movement in crude prices, along with currency fluctuations, is expected to influence market sentiment, particularly for energy and oil-sensitive stocks.

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Conclusion

Indian stock markets are likely to open subdued to mildly negative today, tracking weakness in GIFT Nifty futures and mixed cues from Asian markets. However, record highs on Wall Street may help limit downside, while investors remain focused on global inflation data and geopolitical developments for further direction.

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