GIFT Nifty Down 30 Pts on Jan 6, 2026: How Is the Indian Stock Market Likely to Open Today?

Indian equity markets are expected to open on a cautious note on Tuesday, tracking mixed signals from global markets and a marginal decline in GIFT Nifty futures. 

While overnight strength on Wall Street and gains across select Asian markets may provide some support, investors are likely to remain watchful amid geopolitical developments and currency movements.

The GIFT Nifty futures indicated a subdued start for domestic benchmarks. As of early morning trade, the GIFT Nifty was down 30 points at 26,388.50, pointing to a slightly negative opening for the Indian stock market.

Indian Market Recap: January 5

Indian equity benchmarks ended the previous session on a mixed note, as investors remained selective amid global uncertainties and profit booking at higher levels. 

Market participants continued to monitor institutional flows and global developments for directional cues.

Global Market Cues

Asian markets traded with a positive bias on Tuesday morning, extending the broader rally in global equities as investors largely looked past geopolitical concerns.

• Japan’s Topix: up 1.4%
• Australia’s S&P/ASX 200: down 0.5%
• Euro Stoxx 50 futures: up 1.3%
• S&P 500 futures: little changed as of early Asian trade

The mixed Asian performance reflects cautious optimism, supported by strong global equity momentum but tempered by regional market-specific factors.

Wall Street Recap

US equity markets closed higher on Monday, led by strong gains in financial and energy stocks. 

The rally pushed the Dow Jones Industrial Average to an all-time high, as investor sentiment improved following easing concerns around recent geopolitical developments.

• Dow Jones Industrial Average: up 1.23%
• S&P 500: up 0.64%
• Nasdaq Composite: up 0.69%

Energy stocks advanced sharply after reports of a U.S. military strike that resulted in the capture of Venezuelan President Nicolas Maduro, while dovish commentary from Federal Reserve officials further supported risk appetite.

Commodity and Currency Watch

The US dollar traded steady near a two-week high as Asian markets opened on Tuesday. The greenback stabilised after initial jitters related to US military action in Venezuela eased, while dovish signals from Federal Reserve officials encouraged risk-taking in global equities.

Currency movements and geopolitical developments are expected to remain key variables influencing emerging market sentiment in the near term.

Read More: Best Semiconductor Stocks for January 2026: BEL, CG Power and More – Based on 5-Yr CAGR.

Conclusion

Indian stock markets are likely to open marginally lower to flat today, reflecting the decline in GIFT Nifty futures. However, positive cues from Wall Street and selective strength in Asian markets may help limit downside. 

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